3 ms·
> You can just as easily say that banks were giving out loans they expected to refinance in the coming years. Can't it be both? There's enough blame to go arou
by curun1r 10y ago
> You can just as easily say that banks were giving out loans they expected to refinance in the coming years.
Can't it be both? There's enough blame to go around. My only point was that the narrative of victimized homeowners preyed upon by evil lenders, put forth by a surprisingly large number of people, is misguided.
- taeric 10y agoIt can be both. However, the blast radius is different. For every lender that was irresponsible, you hit many lendees. For each lendee, you likely did not increase the number of lenders touched. That is, you fix one lender, and you likely fixed many more lendees.