You're right, there is no such thing as free money; to savers, only those reckless enough to buy over-priced property.
Its those of us "savers" who are deprived of our interest on savings who are paying the interest on your reckless loans and mortgages. That is how banks can maintain low repayment rates and prevent catastrophic defaults and repossessions.
The money must come from somewhere and the obvious targets are those who "have", those who save.
Politicians have been told that if savers don't relinquish the interest they are entitled to on their savings, their (bankers) fraudulent loans and mortgages will come home to roost and the negative equity would bring economic instability, maybe armageddon.
I say, bring it on.
