How many unemployed are acceptable for you against the bailout?
I would be more than a few and I think the fix is relatively simple. We just need to put a reasonable mark on house values and only the government has the liquidity to do it and free up the credoit markets. It's kind of an odd problem and no one except the government has the money necessary to ensure there will be a market at some pint form homes. I think this is another 2 year problem, but if the government can do this right the markets should open pretty quickly.
this is BS...Goldman or Buffet or any other smart billionaire could put together a hundred billion dollar fund to buy up distressed real estate. they won't do it because it is a money losing investment. Many average americans want lower house prices so they can afford a house without taking out insane mortgages!
The big guys don't want to invest in such a fund because it is a loser and they want to f the taxpayer