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To: Vitalsigns who wrote (78515)	4/30/2008 10:08:47 AM
From: John McCarthy	Read Replies (3) \| Respond to of 116555

Vital I understand your concern. On the other hand - what I like about it is that it is IN THE OPEN. And inherently proclaims, .... WE (As in We the people) ARE DIRECTLY LENDING YOU MONEY. It (to me) avoids all the back-room, smokey filled areanas .... in which the average American has NO IDEA what a particuliar Fed Agency is up to. I also think - but don't know - that it would allow banks to WRITE-UP some of the previous WRITE-DOWNS they have taken and thereby, free up more reserves that can be used for lending. As for the inherent MADNESS that this may entail, I am certain others will post about it. Notwithstanding, 300 million americans WILL UNDERSTAND that THEY are putting up 50 billion (i.r. are on the hock for) and would EXPECT to be repaid. It is the simplicity of the plan that I admire. All the above - PRESUMES - we are gonna pay thru the nose no matter what - and argues that this is an out in the open way to do it. regards, John

To: Vitalsigns who wrote (78515)	4/30/2008 10:36:03 AM
From: philv	Respond to of 116555

It begs the question, why have banks at all? Don't just stop at 20% of bad mortgages. Just go to the Treasury directly for all kinds of loans. After all, the Treasury has "unlimited" money, doesn't it? And they are all financial geniuses who know what they are doing.

To: Vitalsigns who wrote (78515)	4/30/2008 12:58:56 PM
From: Bill on the Hill	Respond to of 116555

Sheila Bair of the FDIC wants to accept first place in mortgages. This is what we DO NOT need. More government fiddling. Listen to Karl Denninger and his take on this. youtube.com Just what we need. Our mortgage rates will shoooooooot sky high because of risk and interest charges for home loans will begin to look like credit card rates. This government is ABSOLUTELY the stupidest, lamest, biggest bunch of JACKASSES we could possibly find! Gentlemen and Gentlewomen...... Get prepared to loose more value on you properties. Thanks to Sheila Bair and her idea. FIRE THE BITCH!!!!!