Well it will be a new game in town, a week from now republicans will
be back in charge.... and ending stimulus,cutting spending, etc etc
etc.
i doubt anything will help, the unbridled housing run up killed our
economy when it went bust. driven by pure greed.
since the feds already own 60% or so of the US mortage debt what
should happen is this.
to provide a home price floor and stop the drop
Feds should offer everyone a 1% fixed rate loan, wether underwater or
not, federally guaranteed serviced by current banks....
if bush hadnt been a total moron he should of offered a lifesaver to
the sub primers when the mess began and we wouldnt of collapsed the
worlds economy.
and feds should limit by law credit card debt to a % of income. so the
working poor making 15 grand a year dont end up owing 25 grand in
credit card debt. thats not good for anyone