| Your response was loaded with failure. I agree that people should be "allowed" to make poor decisions, but only with their own money. If you care to piss away your hard earned dollar on cigarettes, beer, and lotto tickets, be my guest. If you plan to borrow someone else's money to buy a car/house you can't afford, that is another matter. Part of the problem is that lending institutions designed products that would put someone in a position to use the institutions' money to make a purchase that they could not fully repay them for. Banks do not profit from someone defaulting on a home loan. It is the last thing that they want on their books. It prevents them from remaining well-capitalized, prevents them from collecting interest as profit on that loan, and it eventually prevents them from having the ability to make other loans (due to the lack of capital) and thus collect interest on a "good" loan. It has nothing to do with any consumer "getting what they deserve", it has to do with lenders being responsible and balanced to avoid screwing the consumer, and worse yet themselves (and the US economy thereafter).
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