Letters From the Jobless in America
From a citizen in New York:
To revive the economy, I think that both smart infrastructure programs and a bottom-up stimulus package are what is most needed. I'm also in favor of allowing bankruptcy judges to do cram-downs on mortgages--the contention that mortgage payment relief would result in too much uncertainty in the value of the attendant credit default obligations is ridiculous, because their constant repackaging has done that already.
From Jobless in America.