Democrat talking point

I've not heard this elsewhere but I'd be hard pressed to think I'm the only one to come up with the idea. If the Government means to bail out Bear Stearns (or whatever lending entities made loans to people who defaulted) why not simply pay off the mortgages and give the titles to the borrowers? Call it "trickle up" economics. The people at the bottom rung keep their houses, Bear gets paid and stays in business. They'd have to spin this carefully to avoid the "rewarding irresponsibility" argument that is sure to follow. YMMV.

Comments

Nancy Willing said…
So simple,yet probably rejected as 'rewarding' commoners.
Since we are already hell bent on 'rewarding' bad lenders, this is a wonderfully refreshing plan.
7:46 AM
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