Originally Posted by
carl
So that is it. Regardless of all the shenanigans that went on with lack of oversight, impunity, sharp practice etc., there would have been no crisis if all those uncreditworthy borrowers had repaid their loans as reliably as the credit worthy borrowers had been doing for years and years. But they didn't because home ownership doesn't confer financial responsibility upon a person, a person who is financially responsible is able to own a home. Those gov types couldn't figure that out.
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