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Re: 10nisman post# 124784

Monday, 08/08/2011 4:52:41 PM

Monday, August 08, 2011 4:52:41 PM

Post# of 252813
OT:

Why should the Fed care to game the market??? How does that actually help the economy?

Here's my way-out-there suggestion of last last last resort: The Fed should just buy up to $250,000 of anyone's outstanding mortgage and refinance it at the prevailing interest rate offered to banks (ie. near zero).

If this recession is being caused by reduced demand due to balance sheet hardship for families, this will definitely increase demand.

I realize it's grossly unfair to those of us without mortgages, but I think that if you really want to do something to help the US economy, this is it. Trying to magically entice companies to invest when there is no demand is obviously not the way to go. For a change, help out the little guy and see what happens.
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