That's essentially Julio's plan (MP):
``...If these calculation are roughly accurate, the Treasury could--not buy those assets from the financial firms that hold them, directly or as underlying of derivative assets, but -- locate the original issuers of the mortgages (the subprime borrowers) and help them make the monthly payments for the next 10 years....'' Julio
---------
Missed that. Sure why not? I am not sure what housing systems are in the CFDS, but I would bet hidden in there or HUD or FHA are model systems to do just that. I also thought a little about Julio's suggestion, without knowing it. I was thinking fuck the little view of this problem, let's go big and overhaul the whole system and work in a wealth re-distribution sytem through the tax system...
But if we were just negociating, I'd compromise with you and Julio, and save the more thorough going overhault later when things calm down a bit and a better understanding of how to go about such an overhaul.
CG