The Mudcat Café TM
Thread #118445   Message #2560745
Posted By: Bobert
08-Feb-09 - 08:26 AM
Thread Name: BS: Foreclosures and Repossessions
Subject: RE: BS: Foreclosures and Repossessions
Yeah, Eb... This is insane policy...

Like I have said over and over... That $350B that evaporated into Wall Street would have been better spent buying out troubled mortgages from the bottom up... This would have ended the housing crisis and the money still would have trickled up to Wall Street...

This is what FDR did in 1933 and it worked then so why not now???

B~