"Dave" wrote in message
...
On Wed, 24 Sep 2008 08:26:30 -0600, "Charles Momsen"
said:

Wouldn't it be better (and simpler) to give people with mortgages the
opportunity to buy their mortgage for pennies on the dollar?

With whom would you propose to negotiate the price?

The one holding the mortgage. Merrill Lynch just sold their mortgages for 22
cents on the dollar.