What is to prevent the Fed (with possible help from Congress to pass any necessary laws) from offering to be the lendor that allows anyone who wants to refinance their house to do so at say 1% interest? Wouldn't doing something like this allow the housing bubble to re-inflate, putting us back to where we were a couple years ago? Not saying this would solve the problem, but it would resolve the immediate crisis. We know the Fed has been doing extraordinary interventions already. I'm sure Mr. Bush, as well as all the present presidential candidates - would support anything that "solved" the present problems, particularly in an election year. So is there any reason this could not happen?