A thought

Well, we are now in the midst of a meltdown in the mortgage industry, brought on by those good old American staples, greed and fraud. Funny, with all of the finger pointing , one forgets that Congress and the Fed signed off on those loans so that the investors could make lots of money on the backs of all of those credit challenged people. This can be fixed. The government, while they are fighting a meaningless war and thinking about the draft again, could simply present a very low interest loan that all of the affected people would have access to for a limited time. Say six months. Let them refinance, regardless of credit or home value. The obvious benefits are the slowing down of the foreclosures and saving peoples credit ratings. Might help the economy. You know the one that is moving forward at such speed and benefiting all persons. Just a thought. Something that our leaders have yet to produce.