Instead of having Congressman scramble to understand a problem, let alone solve it, we need to to tap economists to save the country from this crisis. "Sweetening" the deal with tax breaks to Puerto Rican rum bottlers and companies that make wooden arrows for boy scouts (I couldn't have made this stuff up) will do nothing to make the plan better. Spreading the debt around still doesn't get rid of the problem just prolong it.
Billionaire investor Wilbur Ross has come up with an idea that is far superiour for many reasons. 1. Taxpayers can benefit.
2. Homeowners can get money from their foreclosed home.
3. Lending companies can generate capital
4. All mortgages suffering from foreclosure will be partially insured.
5. He will put one billion dollars for it.
See the whole plan here: http://www.cnbc.com/id/26990370
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