This move is what got Julius Ceasar killed in ancient Rome. He reduced the mortgage debt of the population by 50%.
This would be a viable solution to the problem. Bank shareholders and holders of mortgage debt instruments would suffer, so your life insurance policy and retirement savings might become worthless, but your house would be clear title.
Proverbs 22:7 The rich ruleth over the poor, and the borrower is servant to the lender.
|Liveleak on Facebook|