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How To Solve Housing and Financial Crisis With Only $50 Billion

Posted by Keith Elder | Posted in General | Posted on 06-10-2008

I tend to stay out of two circles of public discussion, 1) politics and 2) world affairs.  But given our government spent $700 billion dollars last week makes me take up the keyboard and come to life. 

Dan Gilbert, the Chairman and Founder of Quicken Loans (full disclosure – I work for QL), and owner of the Cleveland Cavaliers, has a solution to the problem at hand.  It is a plan that, while lengthy, for me makes a lot of sense. 

It makes sense on a lot of levels including only costing $50 billion dollars instead of $700 billion dollars.  It makes sense because people can keep their homes and get more money circulating back into the economy.

Before you pass judgment, read the plan.   If you don’t know Dan, know that he’s a great thinker and a man that has a deep understanding of what is going on.  Also understand this plan is not just something Dan wrote down on a whim.  He’s been doing a lot of work on this with our Chief Economist Bob Walters and the Former Chairman and CEO of Pulte Homes, Jim Grosfeld. 

If you like the plan, let Dan know as well as others.  If you hate the plan, let Dan know.

Here is the plan:


With the stock market today losing over 700 points we need to do something and fast. 

Comments (2)

I don’t know wether or not the plan is ok, but I do know that I’ve picked up some good deals to on the stock market! 🙂

I’m tickled pink the stocks plunged 700pts, got me some good deals on gas stocks. Are you a creator of the mentioned website?

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