Saw this guy on Morning Journal this morning – great rational thought on the state of the economy / housing bust.
Go to todays (4/1) program – light blue box near the top and click on the little white in red arrow in front of Jeff Faux’s name.
One of his ideas was that if mortgages are lowered at the taxpayers expense, when the house is eventually sold, if any profit, then the owner would have to pay-back some of that profit to the government.
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