No posts with label But we have moved beyond the range of what we know about credit crunches. All we know is that the results so far have not matched the predictions of the proponents of these policies. Which is one reason why Paulson decided not to use the second half of his $700 billion, and to leave it to the next Congress and the incoming president to decide whether it might not be better to pass the remaining $350 billion direct to homeowners who are falling behind with their mortgage payments. Surely that would reduce foreclosures and repossessions, thereby easing the glut of unsold homes, raising prices and helping to bring the recession to an end. Surely. Show all posts