Reply #13: It's already in the works [View All]

[notesdev]

Mortgage buyers defaulting en masse... those properties go to the banks. But the banks are severely undercapitalized, can't resell the properties for anything near the value of the mortgages they held, and many banks themselves will go under, leaving the Treasury holding whatever assets can be liquidated from them. Printing money might be part of the cleanup, but there's not a thing it can do to stop the unfolding train wreck - no matter how much money is made available, nobody wants to lend and nobody who wants to borrow can borrow. They can print all they want; there are no takers at any reasonable asking price.