Not unless they have to pay more taxes to bail out their landlord, or have the value of their cash inflated away to benefit the landlord. Presumably one reason to dump 700 billion dollars into bad mortgage related securities is to prop up the value of real estate. This benefits the landlord, but not the renter. Actually from the renters point of view having the price of real estate fall is a great thing - it drives down the cost of renting property, and it makes property more affordable so the renter, if he wants to, can become a landlord himself.
So you have to ask yourself, should the government favor the landlord or the renter? Perhaps they should favor neither, but let the market sort it out.
“So you have to ask yourself, should the government favor the landlord or the renter? Perhaps they should favor neither, but let the market sort it out.”
Exactly.