Go back a week to an article in the NY Times (Link). The guts of this story is that the Administration is working on a plan to Re-Fi residential mortgages on a massive scale.
Bruce Krasting, More Hints Of A Giant Housing Cure Backed By Obama And The Fed
This could be big if true. It's long overdue, and it should have been done when so many people were asking why Wall Street got loans and not Main Street. Until the housing market clears out, the recovery won't get legs.
(h/t to Andrew P commenting at Pragmatic Capitalism for this link)