“Let em die” is the populist response here. The most populist response is perhaps to abolish the Fed, but that hasn’t caught on beyond a small diehard contingent here.
Here is a fun video that someone created using roller coaster tycoon. It shows housing prices from the 1800’s to a year ago. It gives you a good idea of what the bankers and the government just did to us.
http://www.youtube.com/watch?v=kUldGc06S3U