Under what i proposed the bank/note holder would still be getting the same return on the money.. The federal govt would pay the 3 points of interest for the five years... there wouldnt be any modification.. and it could be funded by slightly higher rates the govt charges the banks for the money they are charging now. .. Yes you might say higher interest rates would slow growth but if only this was marginally increased it would cover it.. or most of it.. The real problem banks are not willing to lend right now because of an economy that the risk is high.. so like today... it doesnt matter how low interests rates are .. if the banks arent lending out the money it doesnt matter anyhow..

If we can get the housing sector under control and stop the eroding value.. the economy will improve dramatically ... it is our biggest problem..