Perhaps "Watson" Could Solve the Housing Dilemma

March 6, 2012


I heard on Bloomberg News this morning that IBM is putting their super computer "Watson" to business uses. Remember, "Watson" is the computer that went up against two past Jeopardy champions and won.


I wonder if the banks with so many underwater borrowers could have "Watson" programmed to figure out a solution. Put all the loans into the data bank, design the appropriate algorithms and BINGO, a strategy for making corrections is produced.


Of course, the mess that the financial community has gotten itself into may be a greater challenge than answering questions on the Jeopardy quiz show. However, the number of loans outstanding cannot be infinite and surely the financial institutions have the information.


We are told that because of the securitization of loans, the financial institutions are having some difficulty find the investor/s who hold the notes and who must agree to short sales, loan modification and any other changes to their investments.


I just suggest that perhaps this super computer can finally sort it all out.