The problem as I see it is that it was too easy for people to take out unrealistic loans and the system encouraged this. Surely that is the libertarian ideal? Trust the individual.
I really don't understand American politics.
I'm not at all sure I understand what regulation would have helped prevent this lending.
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timeasmymeasure
no subject
Date: 2010-08-11 09:55 am (UTC)The problem as I see it is that it was too easy for people to take out unrealistic loans and the system encouraged this. Surely that is the libertarian ideal? Trust the individual.
I really don't understand American politics.
I'm not at all sure I understand what regulation would have helped prevent this lending.