Simple Solution to Phishing Epidemic?

Call me simplistic, but it seems to me that there is a relatively simple solution to the phishing epidemic, assuming those in control of the Internet would like to stop it.  Since almost all phishing emails using a hyperlinks something like http://www.MyBigBankName.com.bad_guys_domain.info/login.html, eliminating it would be a simple as ICANN cancelling domain registrations for anyone caught …