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This is a boondoggle on the surface math of it... take a look

Lets say there is 50 Million homes in the U.S. With the recent (past) housing craze lets say %10 of people own there home free and clear (2001, HUD said 40% did, being conservative). Of that 45 million, lets say 15% of those loans are at serious risk (that seems serious), leaving 6.75 Million homes at risk...

They want 700,000,000,000.00 (lots of zeros). 1/4 will be used for Admin (guessing). That leave 525,000,000,000.00

Now divide that bye 6,750,000 home... EQUALS = 77,777.00 Per home.

Does this Math work? This staggering amount of money now seems puny and likely to just prop up the problem until the Dems are put into office.


I say we invest in the homeowners of America rather than the investment banks (however a vanishing breed, along with the 'Puma'). Set up a program where banks and homeowner work to re-negotiate the loan and the taxpayer becomes a co-beneficiary to this deal. We get these bad loans off the books there correct equitable way, rather than a 'bail out'.

posted 3 years, 8 months ago
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