09-30-2008, 07:27 AM
quote:
Originally posted by tada
How are you going to save Main Street without saving Wall Street???
Easy, have the government take over the loans of all folks whose primary residence is in a default mortgage. Give them a fixed rate 30 year loan at reduced interest rates and let them pay off the mortgage and stay in their home. Waive all late fees incurred from this sub-prime mess and give them the kind of mortgage they thought they were signing up for in the first place. If they are late on a mortgage for anything other than their primary residence then let whoever gave them the money foreclose on them.
Kurt Wilson