[Griff]

It misses the point that people had no other "safe" place to invest. The currency was being rapidly devalued by run-away government spending, so they needed higher returns. Now we're going to solve same by..... run-away government spending. It is possible that many people can be put back to work on infrastructure jobs which need doing, but regarding fixing the economy, it is all a bit counter-intuitive. My savings will be devalued to keep you (some guy named you not you you) in too much house. They probably should have by-passed the banks, bought up the loans, and lengthened terms way out to where they might be paid off.

or I could just be grumpy...