Letters to the Editor • Housing
Possible Solution to Housing / Foreclosure "Situation" and incidental subversion of the FE
This was written two years ago. My few predictions there have come to pass, most notably people being trapped in their homes and unable to move to where a better (or any) job may be. As this article is over 6000 words, without visiting the links, you can expect to spend a while reading and digesting it.
http://www.dnusbaum.com/fix.html
To date, not a single person has faulted my premises, assumptions or logic. (Calling it socialist, or saying that it will not work, is not the same thing as seeing errors, though the allegations may be true) These people include at least 30 who make their living in real estate, law and/or finance.
Oh! A possible incidental side affect of my idea is that the Fed would be subverted, and would cease to exist, to be replaced by community owned banks
Thanks for your time.