On Jan 30, 2009, at 10:41 PM, Jordan Hayes wrote:
> And your solution is? Please show your math.
I'm neither mathematician nor financier - merely a man in the street. And I nod along in agreement when Kevin Phillips portrays our situation. I laugh when Stewart quips 'trickle up'.
But you seemed to miss the critical part of that post which questioned your trillion dollar figures ...
> But your arguments used total mortgage and total unsecured debt
> rather than debt of unemployed and underemployed, and their primary
> residence debt, within limits. I'm sure that would be a much smaller
> figure, probably well within the present bailout figure.
martin