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jtuck004

(15,882 posts)
10. That won't help. It would remove opportunity for most people, increase poverty and the
Tue Jun 12, 2012, 03:01 PM
Jun 2012

need for assistance, prevent people from having jobs that could pay for their home. It would weaken us, and perhaps over the long-term cause more damage than anything we could do.

But most of all it would crush the human spirit that we invested lives and money to build for the first half of the last century.

This kind of thinking could lead us to guidance that we use false and inflated housing values on bank balance sheets so the country looks more prosperous than it is, while 12 million home loans are underwater and praising junk bond salesman.

Who would do that?

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