Another Fine Example of Government Intervention....

The newest and latest idea from Chairman Bernanke:

"The government should consider helping the nation's vacant, unsold stock of foreclosed properties by supporting initiatives to occupy. Federal Reserve Chairman Ben Bernanke believes that one aspect should be a government support program that allows renters to move into those houses." (Morning Edition--Housing Wire 1/5/12)

The problem with this idea is most of the foreclosure properties ARE unihabitable--in some instances, the banks don't even want to deal with these properties. The best idea and preventative measure may have been keeping families IN their homes through loan modification programs that really work and/or reductions on their mortgage amounts! Actually, these two ideas may have been more favorable for the big banks, for government and for the country.

Is this truly too primitive an idea for Chairman Bernanke and the banks to understand?