I wrote the title so you would look at the post, I may or may not agree with the premise, but I sure like the goal.

First, we have a major problem, millions of homes will foreclose this year for various reasons.

Second, it's all being blamed on mis-managed risk valuations of the bonds that were used to fund many of these mortgages  In essence the mortgages were sold too cheap

Ok, nuff about my thoughts, here's a very thorough article that suggests one way that the government could convceivably purchase many of these bonds at drastically reduced prices and then work them through to a "profit"

 Seriously.  How to Prevent Millions of Mortgage Foreclosures

This article draws from another article on the same subject, both are worth the five minutes to read.