Mortgage Crisis

We all know of the mortgage crisis going on. Honestly, I feel it is caused by a whole bunch of people being stupid on all sides. Really, first, know what you are signing and second, don't give loans to people who obviously cannot afford them. Oh, look. Problem solved.

Anyway, now that the problem exists, any responsible politician should say this:
1. Freeze, and in some instances reduce the interest rate on this shady mortgages, even if the homeowner is already in default.
2. If the person owes money to the bank, and cannot pay because of the drastic increase in the interest rate recalculate the amount owed using the lower initial interest rate that the homeowner signed up for.
3. Banks should fire all those individuals that encourages the perpetuation of these types of loans.
4. Banks should require down payments on all home loans to ensure the economic viability of the homeownes.
5. Banks should be encouraged to waive percentages of money owed if homeowners demonstrate the ability to pay future mortage payments if the debt is restructured.
6. For those homeowners that show drastic need because of these shady loans, property taxes will be waived for this tax season.
7. Any use of these types of loans by banks in the future will result in extensive penalties.

OK, look we're making a huge difference to solve the problem and the problem won't happen again. That was so hard. You politicians are stupid sometimes (or most of the time).
Where is the candidate speaking to this important issue?