The Mortgage Crisis and how to solve the problem

Well Everyone who owns a house and has a huge mortgage are complaining about how to fix the problem their in. As we all know it it's very complicated. But one way to fix all of it is very simple.
A- Devalue property assessments %50, to what they are really worth. Seriously come on, the way people have been speculating on what property values are is totally ridiculous and not really what is true. The decrease in value will make people more encouraged to purchase property more easily and get banks outof the hole their in.
B- Reduce the overall dept of all the mortgages by at most %25 and reduce the interest to a fixed one and also rewrite the forecolsure rules.
C- For new purchases with the new pricing of homes and lands, offer a nominal fixed interest rate which is affordable.

all these things will help, stimulate and bring back faith with buyers of new homes, fix the foreclosure problems to a limited extent and also get banks to start offloading homes at a more marketable price.

Yes of course that banks will lose money, but they are already doing that with all the foreclosures and land not being occupied and payed for. So what to do?

so POst comments...