Isn’t Obvious…Foreclosures are rising!
Surging mortgage foreclosures will probably hurt banks even after the U.S. Treasury bolsters their capital.
So does that mean the money is going down the drain?
In the depression one of the steps the govt did was buy mortgages from the banks …lowered the interest rates…and kept people in their houses…1,000 foreclosures a day where happening …
What is so wrong in trying this approach… instead of throwing money at banks..and hope they will lend it??
What do you think?
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