True but someone had to lend them the money without performing all the financial due diligence.
The government did more damage by offering to buy up all those sub par loans.
“True but someone had to lend them the money without performing all the financial due diligence.”
Greed on one end of a transaction that should not be does not excuse greed on the other end. The “affordable housing” advocate organizations refuse to admit that and see greedy buyers are mere victims of someone else, not their own greed.
Neither will you get them to admit - “The government did more damage by offering to buy up all those sub par loans.”