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Originally Posted by Elphaba
Charlatan, I'll stop beating this poor horse after saying once again that a very small group of people may get some temporary relief, and the lion's share of the initiative is to protect the banks and lending companies that leveraged themselves to dangerous levels.
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I don't understand why you think this initiative is to protect the lenders. Like I asked in my previous post, If it is in their best interest to freeze rates then why do they need the government to force them?
I think the biggest losers may be the lenders and those who own their stocks and bonds in their mutual funds. Also I believe this initiative will cause house prices to fall even more when prospective buyers are unable to qualify for mortgages due to lenders reluctance to make loans after this government interference.