Quoted from pookycade:I believe the only way for everyone to be able to close without suffering financial ruin is this:
“Adam S. Posen, president of the Peterson Institute for International Economics, likened the situation to the financial freeze-up after the collapse of Lehman Brothers in 2008. Back then, the Fed provided liquidity so that financial institutions could ride out the crisis. The federal government could play a similar role now.
”
OMG please dont get me started about how the feds gave away billions to the banks only to have them turn around and not help anyone facing mortgage foreclosure or any other relief to the american taxpayer.. where did all those billions go? Im guessing in the pockets of the wall street fat cats.