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>However, the outcome of this is likely that banks will stop making loans all together. Really? We had a healthy mortgage market for a great many decades befor
by woodandsteel 10y ago
>However, the outcome of this is likely that banks will stop making loans all together.
Really? We had a healthy mortgage market for a great many decades before mortgage backed securities were invented. And if mortgages are such a bad idea that banks can't make money off of them, then we shouldn't have them.
- deleted 10y ago[deleted]
- evanpw 10y agoThe secondary mortgage market isn't a recent invention. It's been an explicit policy goal of the US government at least since the Great Depression.