SAID THE SAME THING. SO DID GALBRAITH BEFORE HE DIED. In the US case, 200K per m

http://rt.com/news/iceland-debt-relief-measure-535/I SAID THE SAME THING. SO DID GALBRAITH BEFORE HE DIED.

In the US case, 200K per mortgage, would have kept the world pricing system intact. As it was, the entire world had to reorganize production to adjust to new signals. And as far as I can tell, for no good reason. Instead of buying down homeowner debt with federal debt and forcing lenders to take drastic penalties. We destroyed the wealth of generations, and impoverished them.

My estimate was 2-4T. And that was CHEAP by comparison.