Any real conservative will realize that it is an unsustainable business model to provide loans at the same interest rates to poor credit risks. This is what caused the Fannie Mae debacle. If a business model existed to provide short term loans to credit risky customers, than the "payday loan" outlets would never exist in the first place.
You refused the challenge to open a business providing loans to credit risky people at low interest rates because you know that you would be driven out of business immediately. But you are not man (or woman) enough to admit it.
“Any real conservative will realize that it is an unsustainable business model to provide loans at the same interest rates to poor credit risks. This is what caused the Fannie Mae debacle.”
Fannie dealt in conforming paper which by definition doesn’t go to poor credit risks. The high risk market was the object of Fannie’s private sector rivals.
Fannie’s problem was an inadequate capital ratio, not high risk lending.