Asked 10/3/2008
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Buyout plan today This rescue package is buying all bad mortgages. Will the banks have any consequences to trading in there bad mortgages |
Answer 1/1 - Submitted 7/3/2011
Any kind of buy-out plan is an artificial way to save the banks, the economy, and our society.
It's being done in this Recession because we are in dire straits. So is the rest of the world.
The buy-out is being done, not through pure supply and demand, which would drive a normal economy, but through legislation, to attempt to stabilize the American system until something comes along to breathe life into our economy once again.
That something, probably, resides even now in the minds and imaginations of scientists and inventors. If someone can come up with, and market, a new device that will be in hot demand, then we will be on the road to recovery.
Until then, things like unemployment compensation and mortgage buy-outs are nice ways to keep the institutions of our society, and the middle class people like us from turning into desperate revolutionaries due to the loss of homes, families, and jobs.
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