Bail outs to banks should be paid with the following stipulations: 1. Must pay off half of all mortgages that they carry with the money. 2. Must renegotiate the remainder of the loan for the new principal at the lowest available Prime interest rate. What will this accomplish What this would accomplish: 1. People would have equity in their homes 2. People would have money left at the end of their month as their mortgage payments would be less. This alone would stimulate the economy 3. People could afford to sell their homes and move to an area where they could get a job 4. Stimulates the Construction industry again because people have money to invest in remodeling their homes or building new ones 5. Makes a statement from the government that they really do care about Main Street as the campaign promised
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Pamela Garrett, United States6 years ago Comments: This is a very serious and well thought out plan. I feel strongly that this is the only way to allow "bail out money" to be sent to banks. GET THE MONEY AND HELP INTO THE HANDS OF PEOPLE THAT NEED IT, NOT JUST THE BANKS!
Jenny Bellows, United States6 years ago
Susyn Reeve, United States6 years ago Comments: Thanks for this idea...it seems simple offers direct help to the most people.
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