I was intrigued by Jon Stewart's "trickle up" proposal in yesterday's interview with Lawrence Lindsey: instead of bailing out the banks, help individuals get free from their consumer and mortgage debts (by, for instance, enabling people to refinance mortgages at a lower rate, one that presumably will keep people in their homes.)  Is this approach being seriously considered?  It seems to make sense to a layperson like me -- so what's the problem with this approach?