Fear of Clowns

"Faith may be defined briefly as an illogical belief in the occurrence of the improbable."
- H. L. Mencken
gozz@gozz.com

Thursday, September 25, 2008

Idea 

$700 billion dollars would buy 3.5 million $200,000 homes. There's 4 million new, unoccupied homes on the market. Instead of buying shitty bank debt, what if we buy 3.5 million homes, give them to the stupid banks and split the profits on the mortgages once they sell?

This would give the failing investment banks equity to work with.

Anyway, this puts $700 billion dollars into a more humanly graspable idea. 3.5 million new homes.

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