It also bars additional forms of pay except for stock that can only be received after government loans have been repaid.

VOA: special.2009.02.06

Even though the deposits are short-term and the depositor can get the money at any time, the depositor is earning interest of a level that can only be made on long-term loans.

即使是短期存款,存款人可以随时取走存款,存款人也可获取仅从长期贷款中,才可得到的利息水平

耶鲁公开课 - 金融市场课程节选

Now,as of July first, all new loans will go though the direct loan program only.

VOA: special.2010.04.15

Last year alone, 40% of adjustable rate mortgages and interest-only loans were categorized as subprime.

FORBES: Magazine Article

The discount rate covers only loans that the Fed makes directly to banks.

NPR: Fed Lowers Discount Rate to Calm Markets

There is a place for interest only loans for sophisticated buyers who would rather put equity into investments other than housing.

FORBES: Exotic Finance Does Not Make Housing Affordable