11/10/08 - News of the Day

I stumbled across the following stats while catching up on reading this weekend, from the Wall Street Journal in October:

• 12 million households, or 16% of all households, owe more than their homes are worth according to Moody's http://www.economy.com/.
• Among people who bought their home in the past five years, it's worse: 29% are under water on their mortgages according to http://www.zillow.com/.
  

How can we help these households?