A compromise solution to keep foreclosures from getting any further out of hand:
Congressional aides say the Bush administration has hammered out an agreement with industry to freeze interest rates for certain subprime mortgages for five years in an effort to combat a soaring tide of foreclosures.
It's an idea. It's not perfect. But it probably helps some people.There's always a question with these sorts of things whether you are rewarding people who perhaps should be punished (people, for example, who simply bought too much house). But no solution is perfect, and this seems like it isn't the worst thing they could have done.