85 bil divided by 200 mil is just over $400 - not $400,000
What about do this in reverse?
Find 2 million homeowners with mortgages below 75% LTV and offer tax incentivesd/PMI waiver/something else? to encourage them to tap into their equity to invest $4000 into the “bailout”. Each would be a “shareholder” and would then benefit in any profit that is realized.
Yes, they could lose their $4000 but in the end, doing nothing will likely cause their property to be devalued more than that.
Am I thinking right? $4,000 x 2 million = $85 billion