“... but we still need to acknowledge the responsibility of the lender, regardless of whatever other parties may do proper or improper things, it does not absolve the lender from the responsibility of lending the money.”
“Lending is a choice.”
“Lending, by definition, obligates a party to something. Parties who lent who knew or should have known the borrower could not pay it back are just as much a problem as borrowers that took unrealistic risks.”
“Lenders that take improper risks face the possibility that they will go bankrupt, and that penalty should not be removed from the system.”
“Lenders who lent unrealistically should face a consequence for their actions. One such consequence that they do face is a wrecked economy because they failed to only just wreck themselves.”
“Someone bears responsibility for that loan, namely and ultimately the banks. As members of society, banks who walked away from losses and put them on the backs of taxpayers, should look in the mirror to find *one* source of the problems that the economy faces. “
“Time for a lot of Banks to face the cold, hard fact: responsibility is an important building block of any society. Banks need to take the losses they incurred, because THEY were the ones who took the risks, not the taxpayer.”
Sorry, you can type all you want and it still won’t absolve the borrower of his/her obligation.
But keep wishing for that. Maybe if you wish hard enough you can make it true. . . .