Dave Ramsey Offers His Solution to the Financial Crisis

SO, with the Senate trying its darnedest to revive the ailing bailout bill, Dave Ramsey has revealed his thoughts on the financial crisis. I read about this over at All Financial Matters. And I think it’s worth a look because a lot of it makes sense. Here’s an overview of Dave Ramsey’s solution to the financial crisis:
I. INSURANCE
A. Insure the subprime bonds/mortgages with an underlying FHA-type insurance. Government-insured and backed loans would have an instant market all over the world, creating immediate and needed liquidity.
B. In order for a company to accept the government-backed insurance, they must do two things:
1. …read more