create a National Mortgage Refinancing Plan

The massive economic collapse was caused by reckless and greedy financial instutions. They have been bailed out with taxpayer money. Now many are recording healthy profits and it seems to be business as usual. In the meantime homeowners nationwide have watched helpless as their property value plummeted. As the economy struggles to recover mortgage interest rates are near record-lows. Nobel prize-winning economist Joseph Stiglitz and Mark Zandi chief economist at Moody's have developed a mass refinancing plan to help many of those homeowners, which in turn would help the housing market and the broader economy. It's targeted at homeowners holding mortgages with private lenders who are paying above-market rates and are current on their payments. President Obama, adopt this plan!