Yes, all good ideas. But the government has no business being in the reale estate market and the financial markets at all. The market should determine whether the person is at risk or not. This is more regulation from central planners...
Central planning got us into this mess. So their solution is more central planning.
Agree wholeheartedly. Plus no change for the banks and the gambling they and others are doing in the ‘derivatives’ market.
I agreed with you before the principal of "too big to fail" destroyed the banks Moral Hazard. When the tax payers are on the hook to the tune of trillions of dollars to bail out foolish banking decisions, then no, the banks don't deserve the right to decide what is responsible.
Now, had we allowed the banks and trading houses to fail per Moral Hazard for their foolish risks blowing up in their faces, then yes I would agree with you 100%. The banks having definitively proven they can't be trusted not to shovel government-backed loans to bad risks, then no, they have to have their hands tied now. We can uncuff them when they behave and when we PROVE that the next time, there will be no "too big to fail". If we can't commit to that, then their hands should never again be untied.