Comments on: Morning Update: Funding a Revival http://blogs.cfr.org/campaign2008/2008/10/27/morning-update-funding-a-revival/ The Candidates and the World Mon, 29 Dec 2008 15:54:35 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: barb http://blogs.cfr.org/campaign2008/2008/10/27/morning-update-funding-a-revival/#comment-4804 barb Tue, 28 Oct 2008 01:09:26 +0000 http://blogs.cfr.org/campaign2008/?p=755#comment-4804 Everyone is talking about continuously bailing out these large corporations. I had a friend suggest that we divide that bailout money between every mortgage holder in America. Imagine what would happen if every homeowner received $50,000 - 100,000 to apply directly to the principle on their mortgage and then it was required to be reamortized - no penalties etc. Banks would have more money to lend and have more savings. Individuals would significantly reduce their monthly expenses and be able to spend and save more. Corporations would win because people would be buying their products again. Many individuals who've lost their jobs, received faulty loans etc. would be able to possibly stay in their homes. Most importantly, the individual American would see relief and it would be a win win for everyone rather than just a couple of large corporations and wall street. I thought it was a brilliant idea! Everyone is talking about continuously bailing out these large corporations.
I had a friend suggest that we divide that bailout money between every
mortgage holder in America. Imagine what would happen if every homeowner
received $50,000 – 100,000 to apply directly to the principle on their
mortgage and then it was required to be reamortized – no penalties etc.

Banks would have more money to lend and have more savings. Individuals
would significantly reduce their monthly expenses and be able to spend and
save more. Corporations would win because people would be buying their
products again. Many individuals who’ve lost their jobs, received faulty
loans etc. would be able to possibly stay in their homes. Most importantly,
the individual American would see relief and it would be a win win for
everyone rather than just a couple of large corporations and wall street. I thought it was a brilliant idea!

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