Comments on: Worst Week: Gonna be a big one for John McCain http://www.scholarsandrogues.com/2008/09/28/worst-week-gonna-be-a-big-one-for-john-mccain/ Think - it ain't illegal yet... Sat, 21 Nov 2009 10:43:07 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Ann Ivins http://www.scholarsandrogues.com/2008/09/28/worst-week-gonna-be-a-big-one-for-john-mccain/comment-page-1/#comment-53487 Ann Ivins Mon, 29 Sep 2008 16:08:48 +0000 http://www.scholarsandrogues.com/?p=4362#comment-53487 As long as I'm one of the 350, I'm going with Rick's math on this one. As long as I’m one of the 350, I’m going with Rick’s math on this one.

]]> By: fikshun http://www.scholarsandrogues.com/2008/09/28/worst-week-gonna-be-a-big-one-for-john-mccain/comment-page-1/#comment-53486 fikshun Mon, 29 Sep 2008 15:25:19 +0000 http://www.scholarsandrogues.com/?p=4362#comment-53486 Hey Rick, I like that math. It only works if there are only 350 people in the U.S. though. But seriously, you bring up a good point. That's a huge chunk of change. The average house value in the U.S. right now is about $250k. If we were to assume that the houses that have gone into foreclosure and will go into foreclosure will keep with that average, the government could pay off 100% of the loans for 2.8 million houses ... or every house that has gone into foreclosure so far during this mess. And that of course would fix the mess immediately, but we'd much rather punish the borrowers than the lenders, so that won't happen. Hey Rick,

I like that math. It only works if there are only 350 people in the U.S. though. But seriously, you bring up a good point. That’s a huge chunk of change. The average house value in the U.S. right now is about $250k. If we were to assume that the houses that have gone into foreclosure and will go into foreclosure will keep with that average, the government could pay off 100% of the loans for 2.8 million houses … or every house that has gone into foreclosure so far during this mess. And that of course would fix the mess immediately, but we’d much rather punish the borrowers than the lenders, so that won’t happen.

]]> By: rick http://www.scholarsandrogues.com/2008/09/28/worst-week-gonna-be-a-big-one-for-john-mccain/comment-page-1/#comment-53481 rick Mon, 29 Sep 2008 13:32:36 +0000 http://www.scholarsandrogues.com/?p=4362#comment-53481 $700 Billion divided evenly amongst the US population would provide in excess of $2 billion to everyone (man, woman and child) - that would be a hell of a spending spree! $700 Billion divided evenly amongst the US population would provide in excess of $2 billion to everyone (man, woman and child) – that would be a hell of a spending spree!

]]> By: fikshun http://www.scholarsandrogues.com/2008/09/28/worst-week-gonna-be-a-big-one-for-john-mccain/comment-page-1/#comment-53463 fikshun Sun, 28 Sep 2008 22:52:35 +0000 http://www.scholarsandrogues.com/?p=4362#comment-53463 So far, we've had a hurricane and the credit crisis. I wonder what "dog ate my homework" excuse McCain will come up with next to dodge the domestic policy debate on the 15th. So far, we’ve had a hurricane and the credit crisis. I wonder what “dog ate my homework” excuse McCain will come up with next to dodge the domestic policy debate on the 15th.

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