And the reason you want the Federal govt to become the mortgage holder for everyone is ... ????
Do people not realize that this ...
... “Say a house has a loan on it for 200k. The fed will buy it from the bank for 100k.” ... is sort of what the plan IS?
It’s about buying distressed assets for cheap so the banks can clean up their books.
I read today that one company has three trillion dollars in assests and of that three hundred million is bad.
This plan allows them to dump this on us.