From today's SF Comical we hear that refinancing could but thousands of dollars per year in consumers pocket. It could be the key to recovery!

Except that, in order to refinance, homeowners would need to own a house that was worth significantly more than the outstanding balance of their loan because banks want to have real security on their loans. That leaves out most people who bought houses in the Bay Area or Las Vegas in the past two years.

Also it turns out that the simulations run on refinancing produce savings on the order of $250 per month. Which would be a huge stimulus, in Guatemala.