The BBC's Andrew Walker points out that the more common approach to failing banks in the current crisis has been for the state to inject new capital.

BBC: Cyprus bailout: Banks to stay closed until Thursday

Lowering rates for those who are current on bills instead of for those who are delinquent is a simple mechanism to inject more money into the this flailing economy without huge stimulus packages.

FORBES: Banks Need To Offer Low Refinance Rates For Responsible Borrowers, Not Deadbeats