Dave wrote:
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?


With the Feds of course! After all the banks are claiming the debts are
bad and feel that you should pay for them. So you could basically give
the twits who took out mortgages they couldn't afford the houses, and
you can pay the banks for them. Or you could let the banks foreclose
and sell the homes at bottom line prices, write of the rest of the debt
and have you pay,,,,,hmmm looks like the only difference is who gets
the houses in the end..... carpet baggers or fools who can't figure out
a simple budget.

Cheers
Marty