Here are several options Ben Bernanke shall consider:

1. Walk to the street and talk to foreclosers - even for a symbolic visit to show FED concerning subprime;
2. Cut interest rate UNEXPECTEDly, don't cut regulatory; don't wait till Jan 30, 2008. It would be too late then - Allan Greenspan did many times;
3. Pursade Bush to pull out all troopes from Iraq, Dump $160 billion millitary budget to subprime funds and to help bank reshape balance and cope the crisis. Yes it will create moral hazardous, so what?
4. Hold economy forum - recall chief econimist to write articles showing housing bottomed out and things getting better. Stop issuing any negative news and R(ecession) word- people will start buying & selling house;
Most US recessions were created from mass mediam, from newspepar. The country wet for recession all because newspaper talking about recession;
5. Stop talking, start doing. Do not debate. Yes, inflation will be high, yes federal will have higher deficit -- economy booms, so would all income boom and deficit gone.