wELL, GET RID OF "MARK TO MARKET" first. It is irrational to value an asset by what someone will pay for it TODAY. Without instant liquidity, the value is ZERO? INSANE! STOP giving 100% mortgages. Mortgagee must pay `10% primary, 20% secondary as minimums. confirm income.
Get ahold of bundeled mortgages market. They MUST BE traded thru a recognised regulated market. Further, there HAVE to be standards limiting what can and cannot be bundled, what % of a company's assets can be tied up in non-originated loans, and like that.
Then reduce cap gains. Give accellerated depreation to realestate . A 33 YEAR cycle is WAY too long. Make it 15 years instead.
Then get back to work increasing the energy supply! MORE OIL, natural gas, etc etc edtc small nuclear power, DO IT.
Credit will not be an issue any more if we do these things.