And printing money comes with its own liabilities, like driving inflation up even higher.
the only thing that would save the mortgages would be for the government to undertake to pay them, or a portion of them, if the original homeowners couldn't.
If that happens, does it make the Federal Government, effectively, landlord to those people? Holy cow, talk about administrative overhead...
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momijizukamori
no subject
Date: 2008-09-22 15:41 (UTC)the only thing that would save the mortgages would be for the government to undertake to pay them, or a portion of them, if the original homeowners couldn't.
If that happens, does it make the Federal Government, effectively, landlord to those people? Holy cow, talk about administrative overhead...