the math of that whole thing is staggering.
for example, i sparked up the calculator, and this is what i come up with:
if the average mortgage or the average needed to make payments do-able and solvent is, say, $100,000 per mortgage (this allows a little bit for overhead of managing the program..)
$700 billion would equal giving 7,000,000 mortgages an injection of $100,000 each. and there are no where near that amount in default.
7 fucking million families could be given $100,000 each for their mortgages and the investment bankers could go suck eggs. presto, no bad loans, presto, the bundlers could be allowed to be fired without golden parachutes, and then steve and i wouldn't have to argue any more. great plan, IMHO.
the other thing of that amount of money is that the health care initiative is projected to cost $65 billion per year. so the same amount of cash could ensure that everyone in the nation had affordable health care for 10 years if not for the banker's greed. bastards.
"If at first you don't succeed,
skydiving is not for you"
