Check out Senator Clinton’s proposed solution to the mortgage challenge. Federally-backed mortgage bundling and restructuring with a guaranteed return? Holy smokes, talk about rewarding the people who caused the problem. The S&L crisis of the 80s was fomented by just such a misalignment of interests — and the public was left holding the bag to the tune of $125 billion. If anything, this proposal would lead to even more foreclosures as lenders sought innovative ways to cash in. Wow, this is just so appallingly bad.