If by the small chance Paulson and Bernanke are reading this board, why don't we offer ideas for a solution. We're in the trenches and their decisions will effect our lives and livelihoods for the next several years.

I posted this as part of a different message but...here's an idea...

What if everyone's mortgage rate was automatically reduced to 4.75% and everyone's mortgage balance was reduced by 10-15% of their purchase price. Lots of people would be able to keep their homes and the rest of America's homeowners would not feel so bad because they get a benefit for being a good borrower. The banks lose but probably less than what they've been losing. The government might have to send a little sugar to Wall Street but probably not as much as the numbers they've been talking. The fed could temporarly drop interest rates for 6 months to 5% for owner-occupied and 6% for non-owner occupied and jumbo to move inventory, and let everyone know rates will increase by .5% every 3 months until the markets settle. Obviously, the plan would have to be a government mandate. Any thoughts?? Other suggestions??

Let's put our collective brains together and solve all the problems the idiots on Wall Street can't.