I have an idea.

Instead of the gov't giving money to the banks or the private home owners who did not bother to recognize the potential issues of a five year, interest only, adjustable rate mortgage....

The Gov't should instead give that earmarked money to homeowners who opted to go with a traditional 30 yr. fixed mortgage and who continue to pay their mortgages on time.
Then those people, can go out with the money the gov't gives them. They can buy the foreclosed, adjustable fixed rate homes at wholesale prices. Those homes can than be rented out as an income property, managed by people who have rational investment ideas and whatever profits come from renting these homes can than be taxed as income and money given back to the gov't..

B

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"When two people agree on everything, one of them is not necessary" - Arliss