Finding a Home for Toxic Assets: Where is the Final Resting Place?

Don't give the money to the banks...give it to the home owner to be used only to pay the bank off for the toxic mortgage.



1) the Bank gets the money anyway.

2) the toxic mortgage is gone.

3) people keep their homes.



If you are going to hand out billions due to toxic assets why not pass the same dollars through the owners of those assets to pay them off? This helps three ways for the same dollars! How can Congress and Treasury be so stupid unless they are in the pockets of the banks?



Banks are just using the money to buy more banks and no one is being helped in the process except the banks.



They often won't even sell the toxic mortgages when they have offers because they find holding them to be a bargaining chip when begging for money.
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