Originally Posted by tical

this seems simple.. im sure there is way more to it but

how much $ in bad assets (real estate related) do banks have? wouldn't it just be better if the government just absorbed all of real estate related bad debt (via a loan with some kind of interest) & let the banks get back to business - easing up on the credit crunch?

either way the government would have tangible assets (even though they aren't worth as much on paper as they were when picked up).... but shit if we're throwing trillions of dollars at banks why not fucking own something and require a slice off the top until the banks are paid in full

obviously i dont know the total $ of bad real estate debt but shit... wtf