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Financier says downturn could last 2 years

It could last 5 years and I know at least as much as anyone on Wall Street. I promise.

Yes Sammy.. we all bow down to your excessive knowledge. As your humble followers and admirerers we recognize that you actually know much more than anyone on Wall Street.. or any other street for that matter. You are the King of Sesame Street for sure!

The fat cats thought that there was no end to the money assembly line. The middle class thought they could have everything and more without regard to repayment. I would not buy out anyone absolutely no one. Let the re-organization in business and personal lives hit hard enough that the resposible ones don't soon forget. Anyone that couldn't see this coming years ago must live in a cave. The one thing that is needed more than anything is for everyone to live in reality and forget the drugs and mind altering false life of a fantasy. I'm ready to sacrifice for a few years to get back to reality.

If you want a stimulus package that works, one that will actually have the desired positive impact on homeowners and consumers, here is what you do:

Calculate the median home price in the US. Anyone whose mortgage is below that figure, their home is paid off and they own it free and clear. Anyone whose home value is above the median, gets their mortgage paid down by the median price, thus creating instant equity.

Those who no longer have a mortgage payment will suddenly have more disposable income to spend on goods and services, thus helping the economy. Those who have their mortgage paid down will have the ability to borrow again if they desire. If someone has their mortgage paid down by the median home price and still can't make their mortagage payments, needs to wake up and realize they are living way beyond their means and probably should be foreclosed on.

This program would help those struggling americans the politicians are always claiming they are interested in helping, and would likely cost a lot less than the billions we are putting in the financiers pockets right now.

That's the problem. My knowledge isn't excessive but it does exceed those on wall street and Sesame street. Except for big bird of course. He is the best.