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They also understand that for $700 billion, you could give every American $75,000 toward retiring their mortgage, and if this is a mortgage crisis, then give every American $75,000 or $50,000 bucks instead of giving it someplace elsewhere shore up so-called liquidity. They understand if you're going to start passing out money, give it to us.
So I looked it up. According to this 2006 pdf from the US Census, there are 33 million owner-occupied dwellings with first mortgages active." So, "$700,000,000,000 / 33,000,000 = Over $21,000 cash the government could just give to everyone with a mortgage!" Give it to the people that make the country work. People could pay off their mortgages. "If we're going to give $700 billion away, what kind of stimulus would that have on the economy to hand 33 million people $21,000?" I'm not advocating this, I'm just saying -- if we did that once, it's over -- it would be the same thing here as the government owning your mortgage in a sense because they're going to get it back from you one way or the other.