This judge wiped out $525,000 in debts because he thought that the bankers were ruthless. These borrowers had "no equity" in the house, owed $291,000 and had accumulated $235,000 in interest and penalties. How long do you have to go without paying your mortgage to accumulate "$235,000 in interest and penalties"? The judge was upset because this mortgage holder was unwilling to renegotiate the mortgage payments. The judge is just over the top referring to the bank as acting like an organized crime group claiming that "they have a record of coldbloodedly foreclosing on any homeowner owing money." No equity and accumulating $235,000 in interest and penalties is hardly coldblooded in this case. What do people think will happen to future interest rates with this type of intervention?