I was being facetious of course. NIRP is silliness. Designed to force money out of savings instruments and into risk. But of course nobody will lend money at negative returns.
And see my post above, banks aren’t going to be underwriting a lot of home mortgage loans. There is money on the sidelines, I hear, but it is waiting to scoop up foreclosures in commercial real estate they expect to see starting in Q4 and beyond.