Yep, That is why anyone that is not aggressively paying off all the debt they have right now is a complete and utter fool.
I have friends that are buying new cars, etc... They are morons, raging morons... "but it's 1.2% ITS FREE MONEY!" they forget the loan origination fees they pay or are tacked on the loan... Oh that $35,000 car loan has a $1900 set of "fees" on it.... But we dont count that as part of the interest rate...
If you are having a time of prosperity, PAY DOWN ALL YOUR FUCKING DEBT! Because the next crash will come around sooner than you think because the banks are doing the same shit again.
Banks need heavy regulation put back on them. I also suggest we have a Bank police that goes around tazing executives at random if we even think they are thinking of anything "clever"