ta2drvn
Well-Known Member
How about a plan that required repayment of this debt by the industries that caused it instead of the tax payers already injured by these guys? Hint, taxation... like special tax/fees for those that wish to partake in this industry, tax the profits made on the servicing and origination of these loans, require a system that prevents these cost from being 'passed on' directly to consumers. Use these for #1 repayment, #2 creating an oversight or insurance system that prevents higher risk loans from being part of a MBS and requires originators to service originated loans that do not qualify for this insurance.
FNMA and Freddie Mac had done a very good job of this in the past and only suffered when trying to compete with these 'junk bond mortgages' and these are what have caused an over inflation of values and putting otherwise typically safe loans at higher than average risks.
FNMA and Freddie Mac had done a very good job of this in the past and only suffered when trying to compete with these 'junk bond mortgages' and these are what have caused an over inflation of values and putting otherwise typically safe loans at higher than average risks.