Slowing the rate of foreclosures

Discussion in 'Economics' started by brokershopping, Sep 29, 2008.

  1. Just thinking out loud, but what if the Gov allowed people an exemption from withdrawal penalties on money taken out of an IRA or 401k to pay their mortgage?

    It would have the negative effect of pressuring the stock market, and it wouldn't be totally fair to those who didn't get in over their head, but it might be better than giving Paulson the keys to the safe.