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I really have no idea what we ought to be doing about these foreclosures. [View All]

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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-14-10 06:23 PM
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I really have no idea what we ought to be doing about these foreclosures.
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There is evidence that some are righteous. But there is also evidence that many of them are criminal (morally even if not actually).

Meanwhile, each case stands on its own. 1.2 million Davids against a small handful of resourceful, well staffed, morally bereft Goliaths. A whole new industry could be spawned, working on behalf of the evictees and evicters. Foreclosure resolution parasites will get rich.

My gut goes to a notion that's probably easy to label as socialist or communist, or maybe even Marxist: Take the damned unspent TARP funds and bail out the HOMEWONERS. Sure, some will be getting a free ride. I am not espousing paying money to the criminals who ran the banks. I am saying we nationalize the banks, break them up and cancel the money owed by mortgages.

I have no idea what so ever if this could work. I am as savvy on macroeconomics as Sarah Palin is on Constitutional Law, but I know I want the little guy to get a break and the people and organizations that caused this mess to be punished.
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