My Idea For Using The Bailout Money

Here's an idea I've come up with for using the bailout money to assist the banks in a way that makes sense.

Create a branch of the Dept. of Housing and Urban Development that will use the bailout money to lease foreclosed homes from the banks and turn them into shelters for the homeless. Homeless people are using these homes for shelters, but doing so as squatters, meaning the bank is still not generating an income from the property.

As the residents of these shelters get jobs and are able to get a home of their own, the leasing money could be used as a government backed loan towards the down payment to purchase the home they have been using as their shelter.

This helps by providing the banks with a genuine income from the properties they now own, and it gives people who have become homeless as a result of this mess a safe place to stay and an address to use in order to find employment.