Financial product are regulated. They weren't regulated well. We all paid.
Whether or not you, I, or a sales rep's stripper wants a mortgage isn't really here nor there.
Eh? Supply and demand. From what I've seen, read and heard; the whole banking shit in 2008 was down to shitty low value lending on sub prime mortgages world wide and then off loading it onto others.
Supply and demand has to operate within a framework of law, be it in the uk or us. That law was shaped by politicians with ideologies.
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Financial product are regulated. They weren't regulated well. We all paid.
Whether or not you, I, or a sales rep's stripper wants a mortgage isn't really here nor there.