Upcoming Foreclosures

can the Government buy all foreclosure homes?

Is it possible for the government to buy all foreclosure homes and resell them to the owners who are at risk with a small interest rate? They would buy all homes in foreclosure up to a specific month, after confronting that task they would force banks, brokers and loan officers to fix the loop holes and the issues thats cause the crisis in the first place...I think they should also enforce a new home owner class where own owners would learn to manage their funds, what they should avoid etc. I know thats a big task but thats a serious step...

Public Comments

1. Dude, where are you getting your info from. It is not doing a certain month that the government can buy foreclosed home. Did you see the bill that congress just passed Friday. But Bush said he will veto it
2. 1)Where will the government get the money to buy all the houses? How much of a tax hike can you stand right now? 2) The loop holes that caused the crisis was that the banks loaned money to people who couldn't pay it back. So those people couldn't buy the houses back if the loop hole was closed. 3) I think money managment should be taught starting in grade school and continue through high school