The best thing the Government could do is make full recourse loans illegal. This will force the banks to do a proper risk analysis and, when [not if] the loan turns bad the bank cops the damage to its asset base, not the borrower.
The best thing the Government could do is make full recourse loans illegal. This will force the banks to do a proper risk analysis and, when [not if] the loan turns bad the bank cops the damage to its asset base, not the borrower.
The best thing the Government could do is make full recourse loans illegal. This will force the banks to do a proper risk analysis and, when [not if] the loan turns bad the bank cops the damage to its asset base, not the borrower.