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.
Yup. The number of affected banks is trivial compared to the number of mortgages outstanding right now that would have to be audited to see if the mortgage holder deserved an individual bailout or not.
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momijizukamori
no subject
Date: 2008-09-22 14:12 (UTC)Yup. The number of affected banks is trivial compared to the number of mortgages outstanding right now that would have to be audited to see if the mortgage holder deserved an individual bailout or not.