Some THING has to be done.
A lot of people paid for overpriced houses during the "good times" and now are holding property worth MUCH less. That goes for vehicles too. If something isn't done to balance the public's debt, then a lot of new homes and vehicles will be sitting EMPTY, while more and more people live precariously in dangerous places.

That will make this current downturn look like a piece of cake.
The excused interest was only for the two year term.
I think that's too long. 12 months at the max with constant oversight on their finances.
Maybe even re-financing with some kind of debt forgiveness.