An Alternative Solution

Suppose the Federal government invited the legislature of each state to set up an independently controlled trust fund for that state.    Instead of giving the money away to the major financial institutions to make up for their mismanagement, suppose the money went to these fifty trust funds.   (For an example of how the trusts can be set up and  run, see the web page titled:   ______ )  The amount of money loaned would be based on population -- the bigger the population, the more money the trust would manage.   The trusts  would then loan the money directly to the home owners who are facing foreclosure at four percent fixed interest rate on a thirty year loan.   

The fifty trusts would be overseen by an elected board of directors.   The election of the people on the board overseeing the trusts  would be done with absolutely no private money and would prohibit private attempts to influence the election.   Selection to that board would not be by appointment because political appointees in the United States are appointed based on their political ideology.

The five-hundred billion dollars equals about $2,000 for every man woman and child in the entire  United States.   With that kind on money, the housing crisis would soon disappear.    There's also another answer to the housing foreclosure crisis that those in power are intentionally ignoring.  Please se our web page titled:    _+_____

To avoid creating any more concentrations of power.  To bring in fresh ideas that can be shared among the trust managers.   To insure that a power grab would not steal or divert any of the money.