[PJ-Comix]

Also lets say someone is paying off a mortgage to the bank... and then his account gets frozen so NO MORE payments.

[madison10]

The whole house of cards comes falling down.

It WAS a brain dead move. Must have come from Biden. (Kidding)

[TigersEye]

Also lets say someone is paying off a mortgage to the bank... and then his account gets frozen so NO MORE payments.

That occurred to me a couple of days ago. I chuckled at the thought. :)

Also loans on those very expensive trucks.

[BiglyCommentary]

Good point. All debt/bill payments cease. Major Canadian companies get screwed. They must have started screaming.

[Svartalfiar]

Also lets say someone is paying off a mortgage to the bank... and then his account gets frozen so NO MORE payments.

So thus the bank either simply siezes the payments from the frozen account, now or when they unfreeze it (plus interest/late fees), or they simply repo the house and keep the account. It's near impossible to get the bank to fight for you when the opponent is the (same) bank...