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Eve
Lv 6
Eve asked in Social ScienceEconomics · 1 decade ago

IF, I had a solution for the economy, is there ANYONE OUT THERE!! that WANTS IT!!?

Update:

Aww GREAT we GOT ONE!! LOL!

Update 2:

Well I think I have one and I'll post it anyway when I'm finished writing it out. And then all I can say is I tried, and Lord have mercy on our poor little souls lol, But I think he will, the Bible says he will :]

Update 3:

Sel_Bos, I believe I understand where you'd be concerned, but all parties including them need to be considered. There are many reasons people and businesses do and don't do what they do and don't.

And what's important RIGHT NOW is that our country is in a recession thats only getting worse, I'm not sure if the rest of the world is but I know they're experiencing a financial crisis. Greek riots and all. On top of that loads of people I think like a whole million lost both their jobs and homes and are now either in shelters or walking the streets in the middle of winter.

And I just don't think they deserve it. I don't think the majority of them knew they were part of an inflating housing bubble that was set to burst. **** damn near everything was part of it. I know there's already plenty of poverty and homelessness in the world but I don't support creating and allowing this massive drama that will only get much worse, all for the love of money and power. I would deserve the same.

Update 4:

So anyway, the only quick solution I can think of involves the housing market, reversing the whole thing if possible. It wouldn't quickly get us completely out of debt but it would a lot sooner. It would get us out of the recession and global financial crisis quickly, benefit all parties directly involved and everyone else, get those people off the streets, and would if someone knew what to do with it and it were accepted, help in a truly fair sense, level things out some.

But if you or anyone wants to look at what I have so far, you might be able to complete it before I do if it can even be completed. I'm so slow right now and there are certain points I'm having trouble identifying. And hopefully it's as righteous as I think it is.

So so far it generally involves:

Update 5:

This is the general plan itself but more to come:

-Set up government and employer management in each city or town or whatever’s best.

-Everyone in the country takes a pay cut to put in unstable banks, leaving whatever’s needed to pay bills, food etc. and be reimbursed later when cash flows and spending is generally back to normal which shouldn't take long. For employees own records paychecks should clearly reflect everything and how much should be reimbursed to them. Employer spreadsheet records should be kept for convenient and accurate reimbursement. Each employer gives a single check by mail or drop off to the appointed government collector in that city who makes records of contributions for reimbursement before depositing them in some type of savings accounts in whatever banks are in trouble.

-Remind banks to adjust interest rates for new loans and services accordingly. (I read because of low funds they raised rates.)

Update 6:

-Give people the ok to put secured money back in the banks if they haven’t already I don’t know.

-Allow closed businesses to come out of bankruptcy however that’s done, re-open its doors and call in former available employees.

-Reset or adjust the credit scores and history of those who regularly made mortgage payments and failed due to the original delinquencies of sub-prime mortgagers to whatever it was when payments were made.

-Take their foreclosed homes off the market for them to continue where they left off at original interest rates when back on their feet. This should increase the demand for homes and raise housing prices back or close to their original peaks. (Read on)

Update 7:

-If new mortgagers are currently financing the originals homes, reimburse their payments not including paid interest and however much more to cover what the rent would be for however long they lived there so then the originals can continue where they left off/re-finance or if they choose to do so with a different house of equivalent market value and that doesn’t belong to another original mortgager who regularly made payments and lost their jobs and homes due to the crisis.

- In the process sell new build and flip mortgages at regulated interest rates and limit housing price peaks for them. Make mortgagers aware of ALL risks CLEARLY before signing. But keep new already built and flipped homes off the market until the old ones are sold which values reflect the unreasonable housing price peaks.

-Use bailout money to purchase stock securities if they’re not already. This should help the country get out of debt.

2 Answers

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  • 1 decade ago
    Favorite Answer

    I want it!

    Source(s): Animal Services Volunteer/Foster >^..^<
  • 1 decade ago

    20% of the people earn 80% of the money. These 20% people are HMOS, real estate brokers, college, and health care workers.

    We will have the solution if these 20% of people can put a little of love in their hearts.

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