Point of order: 1] someone explain to me how we can get upset over a cartoon talking about stimulus bill, using a dead monkey, but we aint read bill cartoon is mocking?
2] Shouts out to Obama, for taking some suggestions I made last year: (A)
- For the Banks and wall street: Mandate they use the money to erase the balance of all outstanding student loans. This would be one way to foster consumer spending.
- As opposed to buying toxic assets and injecting capital, for banks, next time you may consider really attempting to stop home foreclosure rates by buying 35% of are the mortgages in
. You don’t have to purchase the entire mortgage for that will only assist 4 to 5 million of the 50 million across the country. This would make payments manageable, improve equity in said homes. And please just don’t use Fannie Mae and Freddie Mac; make them for all home lenders. All one would need is a standard agreement (as the Treasury made with Banks) for people to apply. This would be the best foreclosure mitigation approach from my view. America