How many people in the US have an outstanding home mortgage – any kind?
Written By: admin on August 2, 2009
One Comment
If you take the one trillion or so dollars we’ve spent or seem ready to spend bailing out wall street and divide it equally among every American who has a mortgage and require them to use the money to pay down the mortgage, wouldn’t that place a lot of liquidity into the market and be a better deal for taxpayers? The mortgage companies could be required to lend the money back out within 120 days or so, making more homes available. Better than giving to the banks, eh?
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