One possible answer is that the administrative costs of giving a large number of people money to pay their mortgages (even if done by giving the money to the banks on their behalf) is likely going to be hugely greater than just bailing out the financial institutions. The latter is likely a lot quicker as well.
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momijizukamori
no subject
Date: 2008-09-22 14:09 (UTC)Deliberate or a thinko?
One possible answer is that the administrative costs of giving a large number of people money to pay their mortgages (even if done by giving the money to the banks on their behalf) is likely going to be hugely greater than just bailing out the financial institutions. The latter is likely a lot quicker as well.