Posted by dodgerdog on 26th of Sep 2008 at 11:14 am
Unfortunately - the outstanding mortage debt greatly exceeds
$700 Billion dollars and thus this alone would not clear the
overhang. At best, we need an approach to let the air out of
the balloon (leverage out of the system). The other
alternative is a collapse.
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Unfortunately - the outstanding mortage
a better solution
Posted by dodgerdog on 26th of Sep 2008 at 11:14 am
Unfortunately - the outstanding mortage debt greatly exceeds $700 Billion dollars and thus this alone would not clear the overhang. At best, we need an approach to let the air out of the balloon (leverage out of the system). The other alternative is a collapse.