EXECUTIVE SUMMARY

THE PLAN calls for the voluntary restructuring of all present mortgages - regardless of their current payment status -, in such a way that the property owner will save approximately 45% of the new restructured mortgage monthly payment. Compared to the actual pre restructured monthly payment situation, this saving represents an increase of several thousands of Dollars annually in discretionary spending income per household. According to our study and forecast described and explained in the Plan, this will represent an average increase in discretionary spending income of $247.5 billion overall.. The plan combines the participation of lenders, insurance companies and securities firms in the private sector and under one of its alternatives it also calls for a limited assistance from the government in the way of tax incentives. The lending institutions shall dispose of approximately $3 trillion in toxic assets and receive approximately $3 trillion for their lending operations. In the process, the securities industry could receive $300 billion in additional revenues This Plan is sustained by investments from the private sector and not from the taxpayers money and therefore it:

· Does not increase budget expenditures.

· Does not use taxpayers’ funds.

· Does not create more debt.

· Does not directly create inflation.

But it does create approximately 3 million jobs throughout the economy After the trillions of dollars of toxic assets to be saved under this plan and the more than half a trillion dollars generated by it as direct additional revenues and free discretionary spending income, the creation of so many jobs and the help it provides to reactivate the economy in general, should recreate directly $6 trillion in wealth and another $6 to $10 trillion in indirect economic impact wealth throughout the economy. Moreover, once the investment community realizes that the implementation of our Plan will achieve a proper disposition of the toxic assets, strengthen the lenders capital, and generate additional revenues that will trigger an increase in discretionary spending income, their confidence particularly in the real estate market shall improve accordingly Job creation thereof, will be consequential and ultimately it shall help recuperate and even surpass the $14 trillion previously vanished from the nation’s wealth. It will renew investors’ confidence and credibility in the financial system, and the present status of the financial situation which we entered with the Lehman failure will finally be put behind us. The Plans mission is to achieve a calmed and reactivated financial system, together with the implementation of proper monetary and fiscal policies. Under such improved situation, President Obama’s Economic Stimulus Package will have the right grounds to spread its benefits throughout the Economy.