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Alan Nasser: A Real-World Stimulus Plan

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At www.commondreams.org

The financial crisis was initiated by defaults on fraudulently inflated mortgage obligations. A direct approach would engage the problem of negative equity by acknowledging the disparity between the real value of the house and the size of the mortgage. This means writing down the mortgages to correspond to the real value of the house and the ability of the homeowner to pay.

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At www.commondreams.org


 

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I have personally attached the present debacle to ... by mollycruz on Saturday, Mar 21, 2009 at 4:41:13 PM
The author's ideas have merit and could be mes... by Archie on Sunday, Mar 22, 2009 at 12:11:57 AM
truly logical, and i was wondering why? no one els... by amicus curiae on Sunday, Mar 22, 2009 at 4:35:33 AM