Schumer's Housing Solution

Sen. Charles Schumer (D-NY) was on CNBC this morning and suggested that it was easy for the government to stabilize the housing market. All it requires is 1) counseling for homeowners and 2) Additional money for them to refinance their homes. And of course, we shouldn't even bother debating the extension of the dividend and capital gains tax cuts.

Great idea - let's just give everyone in the country $100K and they can pay their mortgages down...