Dave wrote:
On Wed, 24 Sep 2008 12:07:07 -0400, said:
With whom would you propose to negotiate the price?
Bankruptcy judges.
So every time somebody with a mortgage goes bankrupt, you steal a little a
chunk of money from the guys that made it possible to buy the house, eh? And
the judge decides how much to steal.
Oh no, steal nothing, use the taxpayers money to recompense the bank.
Oh,,, wait a sec,, that might cost near a trillion dollars, the American
public would never stand for that!
Cheers
Marty
If you're the guy providing money for people to buy houses, that's sure
gonna encourage you to lend more. Gee, you might even charge everybody
higher interest for taking the additional risk that some judge might steal
some of the money. Ya think?
I'm not at all sure that bankruptcy was what the OP had in mind.