Instead of bailing out the fat cats and rewarding greed how about this:

Mortgage Crisis: 

A Recovery Mortgage Plan

- re-regulate investment banks and get them out of the mortgage business
- establish old fashioned lending criteria that target the holders of problem mortgages and set a ceiling on debt as a percentage of household income
- mandate that banks must lend at 4% to participate
- have the federal government guarantee these mortgages
- exclude developers and "flippers" from this plan

Benefits include:
- the greedy get to pay for their own mistakes
- the government has no cash outlay unless newly qualified mortgage holders default
- the plan has an immediate impact to stabilize housing prices
- prudent banks still are able to make a profit.

The Automobile Industry:

A Recovery Car Loan Plan

- provide tax credits for vehicles purchased that have and EPA rating exceeding 50 MPG
- establish old fashioned lending criteria that set a ceiling on debt as a percentage of household income
- dovetail into Recovery Mortgage Plan to encourage one stop shopping.
- mandate that banks must lend at 4% to participate
- have the federal government guarantee these loans

Benefits include:

- No worries about bailing out failing industries
- No worries about setting precedents for other industries
- Immediate relief to the buying public
- Spurring demand for electric and hybred vehicles that deliver

To offer your ideas to the Obama Team go to www.change.gov

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