Monday, October 17, 2011

A Quick Note to Fed Chairman Ben Bernanke

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