http://blogs.reuters.com/breakingviews/2012/12/26/us-housing-doesnt-need-another-government-bailout/ Mon, 17 Jun 2013 22:19:50 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/breakingviews/2012/12/26/us-housing-doesnt-need-another-government-bailout/comment-page-1/#comment-11426 Gallogarden Fri, 28 Dec 2012 01:10:13 +0000 http://blogs.reuters.com/breakingviews/?p=16467#comment-11426 The FED is currently giving banks 50 million per month, supposedly to help the banks buy back underwater or bad loans, and make it easier for working Americans to borrow. It is apparant this is not working, banks are refusing to lend to anyone without sterling credit. The FED should be buying back the bad and underwater loans directly from the homeowners, thereby repaying the banks and stimulating the economy simultaneously. The FED is currently giving banks 50 million per month, supposedly to help the banks buy back underwater or bad loans, and make it easier for working Americans to borrow. It is apparant this is not working, banks are refusing to lend to anyone without sterling credit. The FED should be buying back the bad and underwater loans directly from the homeowners, thereby repaying the banks and stimulating the economy simultaneously.

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