So in 2008, home owners were underwater (houses worth less than the mortgage balance), which meant the bank's mortgage holding were worth less due to an unreali

So in 2008, home owners were underwater (houses worth less than the mortgage balance), which meant the bank's mortgage holding were worth less due to an unrealized higher risk of default. Today, the banks loans are underwater due to the low interest rates on the terms of those loans. Fed to the rescue again? All they have to do is lower interest rates to make the bank loans worth more, or they can buy or promise to buy the bank loans at face value if needed. Does that sound right?