It is hard always to be right.

As said before:

Instead of investing money to bail out banks so they could buy tax free treasury bonds (which does nothing for lending money into the economy), a better plan would have been to guarantee all mortgages for a year, to be paid back upon the selling of the house. In other words a lien.

It would have resulted in less money spent, our economy would have continued to be secondarily supported, and the housing market would have dodged a free fall.

Home owner’s would have the option of paying back the lien in advance, or if they couldn’t afford to do so, it would be paid back at the sell of the house, which would probably occur after their death.

The deficit would not have swelled to simply to make the wealthy richer.

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