TO: Mr. Bernanke
SUBJECT: HOW TO FIX THE U.S. HOUSING MARKET
1) Estimate the total amount in $ of negative equity in "underwater" mortgages
(aka the amount of $ it would take to bring all of the underwater mortgages down to their current value).
2) Divide that number by 2
3) Make Congress (and their 501c4 money) pay for half and make the big banks pay the other half.
I call this plan: Operation TWIST-AND-SHOUT
You're welcome.
Please feel free to contact me for any further advice on repairing our failing economy.
Sincerely,
Me
Monday, October 17, 2011
Monday, October 10, 2011
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