1. The government buys up all of the MBS certificates. 2. Houses that are foreclosed or being foreclosed will be referred to a contract counseling agency. The agency will negotiate a contract at a low enough price and with friendly enough terms (a 40 year mortgage, for instance), so that the people can stay in their homes, and so that the government can be paid for its outlay. 3. Wall Street recoveries will be dealt out on a case by case basis. 4. Any fraud perpetrated will be prosecuted.