Would a tax credit for mortgage payments be more effective than subsidizing the lenders?
The amounts of money (700 billion) are so large, it is hard to believe this is only about mortgages. I think the banks are guilty of making lots of bad investments way beyond the bad mortgages they made in this country. Corporate greed led them to this situation, and it seems rather crazy to bail them out so they can do it again. Some, if not many, of these businesses should go out of business. Giving these dollars back to each taxpaying adult in this country would make much more sense. The money could be used to pay down mortgages, buy things that are needed, or pay off the huge medical debt many Americans have. I have looked for some explanation of just what the proposed bail out would accomplish and for some reason, no one is telling us–perhaps these financial geniuses that got us into this mess have no idea how this thing will work. Having the same people that caused this problem try to fix it just seems like the wrong approach. My concern is that this taxpayer money will end up i
