10,000 bucks would make a difference -- an extra $1000 a month for 10 months would almost certainly ease the situation. The problem is not the debt itself, but the increased cost of servicing that debt that has resulted from higher interest rates.
Curtis -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Alberto Monteiro Sent: 30 September 2008 13:09 PM To: Killer Bs (David Brin et al) Discussion Subject: Re: Economic Recovery Plan Jon Louis Mann wrote: > > Instead of a 700 billion dollar bailout for corporate America, loan > that money to qualified American families who need to save their home. > Bail out homeowners, rather than banks; that should solve the housing > crisis. > Each family would get... hmmm... 10,000 dollars? Sort of. It would hardly scratch the problem, since, AFAIK, each family's debts are about two magnitudes highter than that. Alberto Monteiro _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
