This instantly converts US from a capitalist nation to socialist nation. All homes with mortgages are essentially owned by the government; the owners are living in government quarters. By $ amount, this economic entity may be larger than the old Soviet Union.
Next bailout/takeover to watch would be GM & Ford.
Imperceptibly we are heading towards a socialist state. The Congress probably doesn’t even know about it. Social Security & Medicare are already the largest components of budget. That, military, other government entities and now with banking and housing will probably be more that half of the economy.
