Perhaps the official policy of the FED for the last 11 years shouldn't have been to artificially drive up home values? This has been the explicitly stated poli

Perhaps the official policy of the FED for the last 11 years shouldn't have been to artificially drive up home values? This has been the explicitly stated policy ever since Tim Geitner suspended mark-to-market prices on MBS securities. The plan was to lower interest rates and subsidize the housing and debt markets until these worthless derivatives held by banks and wealth managers (and pension funds who foolishly took risky gambles with retirement money) were in the green, so they could be offloaded. In that sense, the plan has been a success - the banks and the wealthy derivative owners made out like bandits. Home prices have rebounded. This is all great for the owners and the wealthy and terrible for renters, young people, and the less-well off who still need a place to live but have been priced out of the housing market by a Federal Reserve that threw them under the bus for their true constituents.