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Politics : Formerly About Advanced Micro Devices
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To: Brumar89 who wrote (423798)10/8/2008 3:01:48 PM
From: HPilot  Read Replies (1) of 1571472
 
Yes and to cover one home for mortgage protection could wipe out tens, hundreds, or even thousands of policies. Just depends on how long they have to take over payments. Just one house payment would be equivilent to many months of insurance payments. IMO taxpayers probably should stay out of this. It's one thing to buy mortgages of houses that will someday be worth more than the mortgage, the government could even make a profit. Another to pick up failed insurance companies or to take over payments. Hard to regulate and more likely to cause the government debt to go over the tipping point. That would be about 50% or so.
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