The governemnt forced banks to give out loans to people who couldn't pay them in the name of euqality. These banks sold the risk to investors as Mortgage-backed

The governemnt forced banks to give out loans to people who couldn't pay them in the name of euqality. These banks sold the risk to investors as Mortgage-backed securities because banks aren't in the risk business but risk management: creating the Great Recession. ... Trillions of dollars are given away to the poor every year in the US, with no expectation of getting it back.[0] Adding "favorable loan terms" on top of this will literally lead to the exact outcome you are describing in 2008. We can debate the bank bailouts, which I think is worthwhile, but comparing them to personal loans is naive. [0]https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/ https://fiscaldata.treasury.gov/americas-finance-guide/feder...