There is an interesting article I read in TIME magazine online today. A "Better Bank Fix" according to the author would be "trickle up" from the home owners by reducing everyone's home mortgage principal across the board.
Here is a link:
A Better Bank Fix: Cut Every Mortgages' Principal


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The plan is equivalent to a universal renegotiation of terms that improves the situation for both homeowners and banks. As a bonus, mortgage-backed—and, indeed, all mortgage-based—securities will become less "toxic" by virtue of a trickle-up effect.
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Alice