Reply #29: "creating a market for illiquid assets - clogging the books of financial institutions [View All]

[InkAddict]

Isn't that what caused this fiasco in the first place? "? I can understand it where there is actually a physical structure behind the asset, i.e., a house or a stock certificate, but who would pay for something that's not there and has no value? What am I missing? I mean, golly, the US in in montrous debt, so it's not like they can keep taking write-offs to offset gains? What gains? They need to get people working and caring for the REAL structures that have had to be abandoned or given up as THOSE BANKS AND WALL STREET sucked out the marrow of America's economic bone.

Perhaps they could give the homes away to a corporations who take on that illiquid asset which is actually there AND in "new hires" who have lost homes or are losing them, even their own, in lieu of healthcare, locally, and rent them to the employee nominally until the home could be sold at full value for the area, at which time the employee could then be offered first crack at the new mortgaged property or, if unqualified, at least whatever type of healthcare package we'd be transitioning to? Both homes and healthcare subscription have a value to workers, no? Quarterly costs, rental/mortgage costs and healthcare premiums seem to be fairly equal at the moment, and many companies require a health check or at least a drug test currently?

NOW, MOVE THAT BUS!