tag:blogger.com,1999:blog-6193150246897660601.post8936767972113041308..comments2024-03-05T02:38:24.323-08:00Comments on Obama Blog: Obama reveals new $75 billion mortgage planPaul Kekai Manansalahttp://www.blogger.com/profile/17929956945080453339noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6193150246897660601.post-51174532059427472672009-02-21T09:52:00.000-08:002009-02-21T09:52:00.000-08:00This should be announced as a long term solution t...This should be announced as a long term solution to our nation's banking problem.<BR/><BR/>To solve the present banking panic, especially by those who call for bank nationalization (what reduced bank shares to penny stocks), and to stem the sudden loss of trust in our financial institutions; would it not be best to utilize a tool the government has, what is called the US Treasury's Exchange Stabilization Fund, to commence a program of bank stock stabilization by buying shares into the public coffers (with intention of selling them at a future date), and thus bring back stability to the damaged market place? What is most at risk today is trust in our banking system, a trust without which it cannot exist. This fix will cost less than current proposals, and give banking the room to right itself from this mortgage debacle.Anonymoushttps://www.blogger.com/profile/04465154231260078141noreply@blogger.com