when?
many of the people would loose their homes to the banks.
many of the people got low interest GI bill loans.
the mortgage scam was designed so that the banksters wouldn't have to own all the property and pay the property tax on all the foreclosed properties.
PLUS monetize debt may occur after it was flipped over to the federal reserve.
the whole scheme benefited the banksters.
Many people NEVER PAY OFF and just keep borrowing on equity.