1) The home rescue plan is not free lunch. Freeze interest means the lender (such as bank) make less profit( or another word, loose money) which has already been taken into account in the past at the time mortgage sign up. However, 'make less money" is better than "make no money", by freezing interest rate the home owner can still afford the payment and no need to give up their homes.
2) The rescue plan has already emphasize the intention for this meeting is to help the home owners, not the bankers because they assume the home owners are innocent to the economy. However, for those who make living on mortgage( I mean bank, investor but not home owner) , there are always risk associate with mortgage type products and they would not be helped just because they make some wrong decisions by allowing unsuitable persons to sign up mortgage or some investment bank or funds manager took a wrong move in investment selection
All we need in one more shoe to drop and Citi and all finanicals will be sucking air again and its hard to believe more bad news is not on its way --- hell today we hear house foreclosures hit another ALL TIME HIGH.