Obama team considers $1 trillion stimulus, page 2

We Have a Better Solution!

Banks complain that the "mortgage crisis" is making them tank.... defaults, etc.

Banks complain they have no money to lend .. even though they are taking billions from the fed.

We have mortgages.... 6% .... 11%... whatever.

We already pay these mortgages to a bank.... the same banks that are taking billions of "loans" (cough) because they can't make it.

We take a Direct Mortgage loan from the fed at 0.5%... The pay-off money goes to the bank.... now times this by millions of mortgages... the banks are now flooded with money (NOTE: Fed has already planned 7.4 Trillion Bailout, why not have it benefit us?)

Fed pledges to top $7.4 trn to ease frozen credit mkts

www.nypost.com...

yalibnan.com...

So, instead of printing / creating 7.4 trillion for the banks to pay back at 0-0.25%, Why not have us borrow directly from the fed to pay "EXISTING" Mortgages which goes to the BANK in the form of a Mortgage payoff. The Bank gets the money they claim they need... the fed gets an extra 0.25 to 0.50 extra from us and We lower our mortgage monthly payment by almost 50 freekin percent.

OK, This plan provides the same result as this BS bailout except "we the people" also benefit. So does government as tax revenue and economic growth will happen as that extra personal wealth is invested, spent, etc.

The Banks get their bailout, The Fed gets the money back at even greater interest, the people get a nice interest reduction. Banks now have money to lend at their normal rates going forward.

It is the same thing as we have now except FED creates 7.4 trillion and Lends to Banks (whoever), Bank refuses to provide credit to business forcing additional bailouts, banks raise credit card interest rates and WE are still left holding the bill..... ????? ...... ?????? .... ?????? And Government wants to print more money for a "stimulus check" or "tax rebate" check.. whatever to float the economy a few more months (How the hell is that a better plan?)

Now stop, regulation needed asap before doing this to PREVENT our current situation from happening again... 20% down, Credit worthiness, no loopholes for predatory lending, etc.

Put the two plans side by side... I think you would print / create a hell of a lot LESS money to devalue our currency with our plan and pull ourselves away from the cliff of economic meltdown.