Why Doesn't the Fed Pay off Residential mortgages?

[CrusaderFrank]

As badly as the Obama Stimulus has failed, the The Fed has failed far worse. It's still pumping $1 Trillion of new money into the system and all it has to show for it is record "Profits" at Fannie and Freddie

If the Fed wants to help the US economy, and since it refuses to get out of the way, instead of supporting the banks, use the fund to retire residential mortgages.

As of today, there is $10.9T in residential mortgage debt, had the Fed paid off consumers instead of banks, the mortgage would be down to maybe 50% outstanding.

That would boost the economy even with people using the Obama Economy hurting ATM machines ad airport kiosks

FRB: Mortgage Debt Outstanding, September 2013

 

[Rebelitarian]

As badly as the Obama Stimulus has failed, the The Fed has failed far worse. It's still pumping $1 Trillion of new money into the system and all it has to show for it is record "Profits" at Fannie and Freddie

If the Fed wants to help the US economy, and since it refuses to get out of the way, instead of supporting the banks, use the fund to retire residential mortgages.

As of today, there is $10.9T in residential mortgage debt, had the Fed paid off consumers instead of banks, the mortgage would be down to maybe 50% outstanding.

That would boost the economy even with people using the Obama Economy hurting ATM machines ad airport kiosks

FRB: Mortgage Debt Outstanding, September 2013

Cuz they are too busy collapsing the economy on behalf of the Globalists to care that's why.

John Perkins "Confessions of an Economic Hitman"

[ame=http://www.youtube.com/watch?v=aqIHKWd9rSc]John Perkins "Confessions of an Economic Hitman"Extended Interview 2008 - YouTube[/ame]


[ame=http://www.youtube.com/watch?v=AeGTV6fvgaM]Cobra's Economic Recovery Plan - YouTube[/ame]

 

[expat_panama]

...there is $10.9T in residential mortgage debt...

--and considering that it was closer to $11T during the recession when home prices were tanking this is actually very good news--

--and with the current upward trend in home prices we got private equity soaring. See, this thing about America going into debt is really only happening with the federal government because privately the American people are paying off debts and saving. The reason we don't want the Fed paying off mortgages is because we don't need them to. We're doing just fine thankyou.

 

[SteadyMercury]

As of today, there is $10.9T in residential mortgage debt, had the Fed paid off consumers instead of banks, the mortgage would be down to maybe 50% outstanding.

Good way to make lots of pissed off renters.

 

[Dont Taz Me Bro]

Why Doesn't the Fed Pay off Residential mortgages?

That is an incredibly bad idea.

 

[CrusaderFrank]

Why Doesn't the Fed Pay off Residential mortgages?

That is an incredibly bad idea.

Paying off residential mortgage > giving money to Goldman Sachs, Blackstone, JP Morgan

 

[TakeAStepBack]

Because a debt society requires the masses to be in debt. The federal reserve would not want that, nor would the banks or entities like Goldman Sachs.