Off-Topic: Homeownership Resurgence Plan

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	Name:	MartiniMan -
	Subject:	Homeownership Resurgence Plan
	Date:	10/9/2008 9:28:52 AM

On that we agree but the practical reality of creating liquidity is the shoring up of housing prices as demand caused by available credit stabilizes the market. I think we can weather regional corrections where the market got totally out of whack with reality but a general erosion of home values nationwide is more problematic. The question we have to ask is how much do you want to destroy market caps, how much unemployment are you willing to accept and how deep or lasting a recession is palatable in order to punish the financial markets and those that made poor personal decisions?