Maybe I am the eternal optimist, but I am one of those convinced that the US real estate market is not as bad as the markets that price mortgages think. And now that the US government is seeking buyers for a trillion of those assets going for private equity funds and hedge funds, I wonder this: Why do I have to pay somebody a 20% commission to buy those assets? Why can´t I buy those assets directly? Why doesn´t the US government create securities with, say, face value of $10K each, made of a diversified, countrywide pool of those assets and sell them retail?

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