Reply to WTF? Govt rewarding bad behavior Part II

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[quote=TheManWithAUsername][quote=Anonymous]I don't think anyone is excusing the banks.  However, some dude that bought a McMansion he couldn't afford in the first place, nah.  For each single poor down-on-his luck guy--- there are a half-dozen educated people that got greedy and wanted it all.[/quote]
Cite? I personally have no idea what the ratios are.

This isn't a simple question. I'm sure that there are borrowers for whom none of us would have sympathy and whom none of us would want to spare. I'm sure that there are borrowers whom we would all agree were unfairly manipulated. Again, I don't even have a gut idea about what the ratio is, and I wouldn't think to generalize. It's strange to me that you feel so confident in your judgment.

Two things I am confident of: 1) the lenders were usually bad actors; and 2) regardless, the bad loans were a bad thing for society. Since we can't reliably educate the consumers - and we're making no effort to, anyway - the only answer is to restrict the behavior of the lenders.[/quote]

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