Banking Fiasco

Always trying to look at simple yet innovative ways to solve big problems.   Nice concept isn't it.  So, let's tackle a real big one.  The United States and thus the world are caught up in a very challenging financial crisis.  Foreign investment in the USA is enormous with the dollars record low levels so if the banks were to implode the world would suffer enormous casualties financially.

So, what could have been done and quite frankly what can be done.  The USA is staring at a homeless problem while the globe tries to protect it's financial concerns.  What if everyone in the USA was given a 3 percent 20 year mortgage right now.  Even foreclosed properties not sold yet would qualify.  Take every single home owners mortgage to a flat 3 percent.  The savings on a monthly basis would filer back into the commercial markets like a wave.  High credit card interest could be converted or paid off with the monthly savings.  In fact, make it a condition of the new loans.

Sound off to this one.....