We are in a post-housing bubble world in which millions of families owe substantially more money on their homes than they can sell them for. Recent changes to bankruptcy laws make it more difficult to declare bankruptcy, which leaves many fully employed, hard-working people trapped in their homes with no means of financial escape. As we reconsider financial regulation, should we treat negative-amortization mortgages and interest-only mortgages like cocaine: banned to prevent you from making a lifetime mistake?