>The whole banking system would collapse like in 2007-2008 because "everyone stops paying mortgages all at once" is basically what happened then. This obviousl

>The whole banking system would collapse like in 2007-2008 because "everyone stops paying mortgages all at once" is basically what happened then. This obviously ignores the issue with massively leveraged firms making poor bets on housing bonds. But lets be real, they'll get bailed out if there's any problem.