Jubilee Year

Obama Throws $75B at the Housing Crisis

The plan is good, well-thought out, and his presentation makes a strong social case for its necessity. The plan involves interest rate cuts, possible principal reductions, potential bonuses for repayment, and it doesn't require you to be behind on payments to qualify.

The main problem is that it is at least 6 months too late. The problem is probably too big at this point for his methods to actually stabilize prices.