Lose lending standards, artificially low rates are what has got this country onto the verge of bankruptcy , Now is it wise to continue making more Americans go further into Debt than they can ever pay off (only renting from the bank in the form of interest only). Making it basically impossible for young people to get ahead.
Does not seem a wise choice , but neither was it to get us into the place where we find ourselves now.
Sad to say but having artificially low rates is like holding Candy out to a six year old while his mother is telling him it is not good for you. What do you think the six year old will do ???
