I've got a nutty idea: how about a little of the Golden Rule be applied to the whole "toxic asset/foreclosure/mortgage" mess? If fellow homeowners in the neighborhood helped just one homeowner with a lousy mortgage deal and is one step away from foreclosure/eviction, the other homeowners would avoid the whole "foreclosures causing property values to decline and the neighborhood to go into decline" thing.
Nah . . I'm sure someone will poke lots of holes in that thought bubble. Enjoy!