Homeowners Plan
Posted by WARREN MOSLER on July 17th, 2009
Glad they’re finally coming around!
Would have been nice to have offered this two years ago before a few million people had no choice but to leave and take down the neighborhood with them.
>
> (email exchange)
>
> Hi Warren,
>
> Treasury plan to allow foreclosed homeowners to stay in their homes.
>
Administration Weighs More Foreclosure Aid
By Renae Merle
July 17 (Washington Post) — A top Treasury Department official told a Senate panel yesterday that the government is considering a proposal to allow homeowners to stay in their home as renters after a foreclosure.>
> I am a huge fan of the bottom up recovery plans.
> I still wonder why this was not implemented at the
> beginning. We could have given a few hundred billion
> to Americans and had this crisis already over!
>
Problem remains they still don’t understand the monetary system or the function of federal taxation.
Thanks!
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July 19th, 2009 at 9:06 am
They don’t understand a lot, but sometimes they stumble on the right answer.
Reply
July 21st, 2009 at 1:07 am
Speak for yourselves! I can now afford to purchase a decently priced place in a central location. I don’t feel sorry for the 40-something power-couples who lost their investment property.
Reply
July 21st, 2009 at 12:23 pm
As would still be the case with my plan.
Many who get foreclosed don’t want to rent and leave.
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