I understand this didn’t just start. I would prefer to not see it continue for many decades by continuing use of government funds that keep encouraging bad business transactions by bailing them out.
I think shady lenders 5 years from now will point to bail-outs today to encourage under-informed borrowers to sign on more bad deal loans.
Well I too am totally opposed to any bail outs.
Anyone that proposes one won’t get my vote (like that matters much).
But it makes perfect sense for lenders to delay their reset dates in order to reduce the bleeding they’re currently doing. As I said before there could well be legitimate reasons for the government to be involved with making that happen. We’ll have to wait and see what the details actually are.