This is simply nuts. Cutting to 0.25% or 0% is not going to resolve any problems other than the banks who will continue to get whatever they want since Congress - Democrats and Republicans alike - want nothing to do with helping out average Americans. It's all about giving away cash to Wall Street and the spineless wonders in Congress don't care at all.
Yay! Free money!
They'd have done more for the economy buying up the bad mortgages directly from the homeowners. Bloody carpetbaggers.