Is there a simple solution to the home mortgage issues?
Actually, there is.
Have the Feds write legislation that can turn compound mortgage ripoffs into simple interest loans backed by the FEDs.
This would immediately lower the payments, apply tons more to the principle, AND give the loan holder cash flow, both from the home owner AND the feds.
The end results; we don’t spend 700 billion lining the pockets of banks and politicans, the home owner gets a monthly price deal AND applies key cash to the loan quicker.
Now that is a plan, are you listening in Washington? NOPE, special interest is blocking the voice of reason and logic here.
I tell ya…this plan will work.
Compound interest = compounded GREED…we’re being raped.