Economic Disaster Solution/Ideas Official Forum<----
if the government took all assets owned by the companies, sold them all and used that money as another economic stimulus and part in to pay for the debt it'd make a hell of a lot more sense. the ceo's have all assets frozen and sold. again spread amongst the heaping debt pile. then cut spending on most things abroad, and focus that money saved into creating more jobs related to fixing our infrastructure. those jobs should last a while, since there's a lot that has to be repaired. then estimate the cost left of the debt, and make it into a loan (raise taxes accordingly to account for the loan). Each year until the debt is paid families must receive stimulus checks as well.
Pass legislation making it illegal to trade mortgages on wall street, and that the risk is the sole responsibility of the banks, and the owners of banks.
Create a new federal housing agency, ween the banks privileges of creating mortgage accounts by having more affordable rates at the agency (since it would be nation wide, the lower rate would be possible).
in the end, most public banks wouldn't do mortgages unless you were a perfect score. Most everyone would want to use the new federal housing agency, which would be a public agency. it would open new state jobs across the board and help in the hiring of contractors/laborers/real estate agents/ plumbers... etc
all profits made by the federal housing agency placed into a housing emergency fund until the debt was paid for, then at least 1/3 of profits there after.
soo.... how's my idea sound guys? i don't care what you think necissarily, but if you have ANY additions or a BETTER solution then put it in this forum.
This is the official solution to economic disaster's forum thread.