Subprime mortgage debt is part of an overall debt problem that threatens the US economy. The Guardian reports on the severity of the problem associated with subprime mortgage debt:

"NABE members are increasingly concerned over the
short-term risks associated with subprime mortgages and other
forms of indebtedness, while they continue to cast a wary eye
on inflation," said Ellen Hughes-Cromwick, president of the
National Association for Business Economists.

This just goes to show that despite efforts including a mortgage rate freeze for subprime mortgage loans, as well as Project Lifeline efforts to forestall foreclosures, economic uncertainty remains in place. The credit crisis is not likely to be fixed by any "quick" means made available by the government. Rather, a new view of lending and borrowing needs to be adopted by mortgage lenders and borrowers.

What do you think would help stem the credit market crisis?