WELLER: How to deal with failing financial institutions

Some ways to help home owners: - make it much more difficult to throw people out of their houses because of arrears in payment. Simply being behind will no longer be enough. You should be at least a year behind before the money lender is entitled to throw people out of their homes. This will mean that less houses come on the market. As a consequence the price fall will decrease and so even the people who lent the money will be happy. Also: In the present system there is a reward on pushing people in destition as fast as possible: if you don't do it another lender may do it and you won't get any money. - make it much more difficult to charge people for collection costs when they have arrears. For many people these costs are a trap from which they can't escape. - turn back the "reforms" of a few years ago that in effect abolished bankruptcy. Just like the previous point it creates a trap from which people can't escape. - make it easier for people whose house price has sunk below their mortgage to sell their house. They should be able to pay the remaining debt in the same schedule as they did before. - make it easier for people to accelerate the redemption of their mortgage. If people want to redempt more in a certain month this should be subject to a small fee (less than $10) only. - in exchange the money lenders only need to declare the payments from mortgages for the tax office when they actually arrive.

See at; McCain new plan for America http://www.authorstream.com/Presentation/aSGuest55-88147-bridge-nowhere-john-mcain-2008-president-election-mccain-sarah-palin-1-news-reports-ppt-powerpoint/ And where to invests in these difficult times http://www.authorstream.com/Presentation/balarat-89347-breaking-news-wall-street-mccain-election-08-reports-ppt-powerpoint/