Some are calling Congressman Barney Frank's (House Financial Services Committee Chairman D-Mass) And Christopher Dood (Senate Banking Committee Chairman) proposed plan a bailout but I call it good business. The plan is simple, and simple is only simple unless you make it simple. Frank & Dodd propose that Lenders/Mortgage holders voluntarily write down principle/Intrest for Struggling Homeowners (Primary Home Loans) to current market value and then the Federal Housing Administration(FHA) will insure refinanced mortgages.The propsed bill has the FHA providing $300B in Guarantees to at risk homeowners. This plan would keep many homeowners in their homes and provde the Lenders with a new loss mitigation option. Furthermore, this effort should help soften the impact of recession and help stabilize our struggling markets. With every creative plan, your not going to be able to satisfy everyone. I think that we all agree that these Foreclosures are impacting everyone directly or indirectly. If we don't get a handle on this epidemic, it could leave a lasting impression on our country. We need to get this problem in check immediately, because we have big time entitlement problem waiting for us around the corner.