[quote=moneymaker][quote=SK in CV][quote=no_such_reality]Just keep it simple.
Make the banks market to market on the delinquent loans.
Force them to foreclose or forgive the loan when it’s 180 days past due.
Problem solved as we liquidate all the pretenders, including several big bank.[/quote]
What does that mean? “Market to market”?[/quote]
I think it should have been “mark to market”, my probelm with that is you are telling them what to do, with my plan people have choices. Ultimately people’s lives are affected by their choices.[/quote]
“Mark to market” makes some sense. Thank you. It’s something banks have been required to do for decades. Banks not foreclosing on homes is not a drag on the economy. Forcing them to be more efficient won’t make the economy any better.