6)Replacing as many bad & questionable loans as possible with good sound loans would go a long way toward bailing out the FED and all of the financial institutions and funds weighed down by the the big black cloud of mortgage backed securities. And as the market improves, the MBS market should improve accordingly.
7)I hope by now that everyone realizes that there is another train wreck on its way in the commercial real estate market. If we don't get things turned around soon, all of last years bailouts might have been in vain. Or the government my have to come up with another trillion or so that it doesn't have (and hasn't budgeted for) to save the financial institutions that are "too big to fail". OUCH!