If people can stay in their homes and pay their mortgages, the crisis goes away. Therefore, the banks should renegotiate all of the bad mortages so people can afford them. The congress should revert the bankruptcy legislation passed by the Republicans so that the courts can step in to prevent borrowers from going default. The Congress should reinstate the regulations of the financial institutions as was done in the New Deal. They should ban or heavily regulate sub prime mortgages.

The billions in bailout money should go to education, renewable energy and public works programs to create jobs, so people can pay their mortgages. The reverse Robin Hood aproach of the current bailout plan only rewards the deceitful writers of the bad mortgages for their crimes.
Those people who got us into this mess should go to prison.