It seems to me if left alone the market would work out it's own problems.
Apparently there are a lot of illegals that took out loans, defaulted and now Congress wants us to pay for those as well.
This keeps housing prices up, the borders *open* and we'll start a new round as soon as this one is over.
Lenders need to understand, if they make a bad loan, they get to keep the *paper*. If they can't sell all that bad paper, they go out of business.
Not to mention the foreign investors, I mean do we really have to help those folks? We've given them our jobs and now our tax money!