I have to agree that getting off bad market products or junk bonds is good. Some of the rules created in the 1930's that where changed should not have been.
IMO - just like the FDA over sees what we consume, eat, the SEC should oversee what buyers consume, buy. Sadly that did not happen.
While the FDA can send out warning and do recalls - the SEC did not
While the FDA did not bail out companies that failed or suffered for making infected peanut butter, the government has bailed companies out.
Giving those in trouble a lower loan may be good it might be good to even the playing field for everyone. An adjustment to a 4% home loan to those who live within their budget means they have more to spend - long term.