When a lender’s debt goes bad, it is the lender primarily at fault, not the borrower — for deliberately making a high risk loan. Competitive capitalism insists that the lender pay the penalty, even to the point of going out of business, but what we have been doing is forcing taxpayers to bail out these incompetent lenders, which just encourages them to harm the economy with even more risky loans.
~ Roedy (born: 1948-02-04 age: 64)