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Why can't the government provide direct home loans 2-4 %, providing stimulus, ability to keep payments stable?

- banks are not working - government is providing money - citizens need relief and a solid low rate loan would provide $$$ in everyone's pockets, not just people defaulting - - 10 year Tbill is at 3%. Why not sell loans direct to homeowners? loans were 4% just 2 years ago so the answer that we'd be in a recession is not acceptable. - Lowering to 3% would be realistic if banks were dropped out of the mix (their profit)...

Public Comments

1. the government has set up FHA,VA, and Rural housing. but where did you get the idea that there was 2-4% money available. There isn't. If that happens we a re in a long term depression and the fed funds rate drops to .025% and that will have all of us in soup lines