Fed May Buy Mortgages Next, Treasury Investors Bet ??

Hi,

I thought you might find this Bloomberg article interesting - another proposed solution to the mortgage/housing mess. Here's a small excerpt:

".........The only tool left may be for the Fed to help facilitate a Resolution Trust Corp.-type agency that would buy bonds backed by home loans........."

Read the full article here: 

http://www.bloomberg.com/apps/news?pid=20601068&sid=aLBZXQGhAaAg&refer=economy

Any thoughts or opinions on impacts of this approach? 

Pattie