Look, we can handle the homeless pet problem and the hungry homeless problem at the same time. I'm just saying rather than poison these pets, feed 'em to the homeless.
Personally speaking I don't care if these houses lose 50% of their value. It means those of us who were responsible and didn't buy a house we couldn't afford, will now be able to do so. I resent the government getting involved and trying to force banks to save these homes. It's meddling with the free market, and it's wrong.
That is how we got the housing bubble in the first place. Allow normal market corrections, and things will work out ok.