I'm with ya', Donuel... I've been posting such a plan as long as we've been talkiing about this... But I'd go even further... I'd put up to $700B in FHA and let it become a lender and refinance borrowers who can demonsrate they they are in danger of forclosure...

FDR had a program like that back in the 30's called the Home Owners Loan Corp. and it worked...

Now here is why i8t is good for Wall Street, too... If FHA refi's all these loans by paying of the principle then that puts a lot of $$$$ back into the banks... Then finace these loans at 6% fixed for 30 years and in the long run this will not only return every dime you put into the program but also give US a return on our investmwent...

That return can be used to shore up Social Security...

(But, Bobert, some of these homes aren't worth the principle that you will be paying off!!!)

Yeah, and some will but that is irrelevent because the goal is to stabilize both the housing market and the banks and when that happens the real estate inventory will dry up some and the values of houses will go back up... Law of supply and demand...

(But, Bobert, that's socialism!!!)

And a bailout ain't???

B~