Bailing out homeowners is done with loan modifications not 0% interest rates. HAMP was the closest thing we got to that but even that was done as a gift to the

Bailing out homeowners is done with loan modifications not 0% interest rates. HAMP was the closest thing we got to that but even that was done as a gift to the banks (Google for "HAMP foaming the runway" for deets). A lot of homeowners did well out of low interest rates, but that was incidental. A lot also lost their homes and were rendered homeless. Under HAMP some home owners had their homes stolen from them - they were directed to go in to arrears in order to qualify for HAMP and after the bait and switch they were foreclosed upon. In other countries fraud like that gets you sent to prison. Not America.