A Modest Proposal-- Feds Pay Off Mortgages

Quote from atticus:

Pucker up, he was worth one billion USD during the bubble

Now, back to the topic. The problem with absolution is that it helps the rich as well, who are relatively unaffected, and any bailout will not impact spending by the rich.

Wiping revolving/unsecured debt of <$50k would go a long way, providing those accounts were closed at zero-balance.
More...


what's the issue with helping the rich-- which is all relative( hahaha) by the way---- what difference would it make?
 
Quote from Clubber Lang:

Hey RA,

Did he make it trading (hedge fund type) or was he at a tech startup?
More...

PE; and he was a majority first-round investor in a number of start-ups which are still around. He also ran a fund that traded exotics/structured products.
 
Quote from StockBagger:

If your bro is worth 50mm I will blow you in Yankee stadium on the pitchers mound in front of a sellout crowd.

My bro is worth 500mm so there!
More...

I think some of you in this forum really think that nobody on here has any money and that they are all talk. Yeah some people are, but there are a few people on this board worth upwards of 10 million just that i know of (and not because they told me, but i've seen some of the newspaper articles on them). I dont know if that guy has a brother worth 50 million, but i wouldnt take the chance to make a statement like that.
 
Quote from marketsurfer:

what's the issue with helping the rich-- which is all relative( hahaha) by the way---- what difference would it make?
More...

Nothing at all. It's just that it doesn't impact demand.
 
People with serious money won't talk about specifics, and are reluctant to talk even in generalities, because it raises all sorts of concerns.
 
I like Swift's Modest Proposal better. Those with means should buy up from the poor and eat all orphans and crack babies and such as a first line of defense. It would be sorta like a pre-Soylent Green era, except they would be smaller and more tender.
 
Quote from dewton:

here's my plan: have the banks forgive the debt. simple. no inflation.
More...

While we're at it, would you mind handing me a few hundred large, then just forgiving the debt? It's nice and simple, no inflation.
 
Quote from marketsurfer:

Why not? The Fed pays off everyone's owner occupied mortgage under a million dollars. Everyone starts again at zero with full equity in property wherever property values settle. A historic buying spree would result, sending the economy into super acceleration. Make sense??

stay tuned,

surf
More...

If it's a good idea, why stop at $1 million, and why restrict it to people who've borrowed mortgages? Why not just give every citizen $1 billion dollars cash?
 
Quote from marketsurfer:

Why not? The Fed pays off everyone's owner occupied mortgage under a million dollars. Everyone starts again at zero with full equity in property wherever property values settle. A historic buying spree would result, sending the economy into super acceleration. Make sense??

stay tuned,

surf
More...

Having trouble making your mortgage payments are you?
 
You must log in or register to reply here.
Back
Top