If we taxpayers are going to be paying the bill, shouldn’t we see some
benefit from it too?
If they are going to spend the money, shouldn’t they spend it in the way
that helps the most people?

What $700 billion to $1 trillion could do:
Instead of giving the money directly to the banks, the gov could send checks
for $14,000 – $20,000 to every single owner occupied home in America with a
mortgage. These
checks could be made out directly to the mortgage companies. So people could
not use it to go out and buy a car or a mink coat. The checks could only be
used to pay down an existing mortgage.

The banks would be getting the full $700 billion to $1 trillion that they
want. But it would pass through our hands first. They are spending our money
on the bailout. At least let us touch it for a few seconds.

This would:
1. Rescue the banks from themselves. (they still get bailed out)

2. Rescue private investors of mortgage securities. (they still get bailed
out)

3. Give people who are 30 – 90 days late a reprieve. They will be caught up,
and gain equity. $20,000 is more than a year of payments for most people.
(this is a bonus benefit, at no additional cost)

4. Builds equity for those who are not behind, by paying down their mortgage
by $20,000. (this is a bonus benefit, at no additional cost)

5. Removes negative equity for many home owners. People who owe $200,000 on
their $180,000 homes would now be able to sell them for the $180,000 value,
without going bankrupt. (this is a bonus benefit, at no additional cost)

6. Provide a soft deflation of home prices, rather than a crash in prices.
(this is a bonus benefit, at no additional cost)

7. Grease the economy. Those who are not behind on their mortgages and
already have equity built-up in their homes, will have even more equity.
These people will be flush with cash and will spend it on cars, washers,
dryers, etc. (this is a bonus benefit, at no additional cost)

8. Expose the mortgage brokers and banks who issued fraudulent loans. If 60%
of the “customers” of a broker or bank “don’t send their checks in”, they
can be looked at for fraud. Then they can be put in jail. (this is a bonus
benefit, at no additional cost).

We would all get a giant do over, instead of just the banks. We are the ones
paying for it anyway. Why should we pay the full cost of our mortgages, and
pay for the bad ones too?

Any banks that can not make it after this massive inflow of cash, they
deserve to fail.

Thank you for responding to my comment.

Moving US currency into a Canadian, or into any other national counterpart, is but a very temporary exercise, at best.

The proverbial “bag of feathers” have already been scattered to wind. Who can gather them back?

Perceived strengths outside the US are by way of false indicators, as desperate financiers and world authority figures now struggle for answers to the inevitable:

Unprecedented falling dominoes worldwide!

The “unthinkable” is now occurring in our lifetime.

“Pray, that your flight does not occur in wintertime”

The US has no more valid spending power. It continues to live, but by way of “credit” yet still ongoing, granted to it by its rivals, and many of them are enemies in disguise.

The fix, therefore, “if” one were possible, can come about “only” by way of “global” consensus, absolutely.

Any such agreement, however, is not forthcoming at this late stage in time, amid an international climate of mistrust and betrayal among individual nations, and collectives of nations, withdrawing unto themselves, as they see the “numbers” valuation regime expire.

A whole “new” paradigm of human exchange is already on our doorstep.

Each of us does well to investigate to see what that is.