The Cure for the Underwater Mortgage Crisis |
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| By: Dennis Trainor Jr Monday January 23, 2012 2:39 pm | |
How far could $144 Billion go towards addressing some of the problems we address today? A report released this morning from The New Bottom Line entitled “Pulling Back the Curtain: Exposing the 1% Behind the 2011 Big Bank Bonuses suggests that with less than 1/2 of $144 Billion (the sum total of salary and bonuses paid out by the nations top 6 banks in 2011) could eliminate all underwater mortgages.
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6 Comments
Ah but they are too greedy to go for this. So their greed will only make it worse and the real estate prices will keep going lower and lower as the foreclosures mount.
Greed is good. Debt is good. Both create slaves.
Those that run this country like slavery.
Any Questions?
I like the solution as it hits the people that caused the pain. Fines laid against corporations are just a cost of doing business and come out of the poor shareholders equity.
This should go to the FDL front page.
Thanks. Tell someone about that, will ya?
-Dennis
Exactly.