by Elizabeth K Cole

Created on: July 31, 2008

I don't feel the government should or even can bail out the home owners at this time for the main reason being it is not the government's fault they are in this situation to begin with. The goverment will now have to react but not by bailing them out but forcing the true guilty parties to take responsibility and take care of the home owners. That being said, I do have many reasons and even a solution to the problem if you care to read on.

Although no one has dared to say it yet, it does appear we are in yet another depression. Why do I say that? When else in history has there ever been a run on banks? Yet just this past week, that is exactly what happened in California. Foreclosures are more common than housing purchases, car sales are almost non-existent and gas and food prices are rising through the ceiling and the stock market is plummeting. People are loosing their homes, jobs, and everything they've held dear for years now, and yet no one wants to say we are on the outskirts of another depression?

However we now have to look at what has started this downward economic spiral before we can even begin to undo any of the damage. The biggest contributors are going to have to admit their roles in this economic disaster and correct their own actions or no one will be safe and everyone will end up losing more than what was lost during the Great depression of the 1930's. So what happened and where do we go from here?

We all know that the stock market crash of 1929 was the major contributing factor to the Great Depression of the 30's and we also have seen how the government stepped in to create measures to prevent that situation from ever happening again. However this time it has nothing to do with our stock market. There are housing foreclosures taking place at astonishing rates every month, people have to file bankruptcy in greater numbers than ever before and there seems to be no end in sight for the average person. Yet, there is a huge solution to this problem if anyone cares to look at the situation honestly and do what it will take to stimulate the economy in a way our government never could. In a different way, all the problems with our economy come back again to the banking industry.

Let's take a look at why the banks are now causing these problems and how even one bank could turn this situation around and stimulate our economy and become the number one bank in the country all at the same time.

Currently when a person buys a home and secures a mortgage, that

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