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by xyzzy4 3431 days ago
A lot of lenders are idiots. My evidence is the 2008 subprime lending crisis.
2 comments

2008 subprime lending crisis happened only in America.

Lets think outside of America for this one. Lenders outside America are not idiots. Most of them lend on a solid collateral and someone from the family will have to have co-sign the loan, especially if its a huge sum.

You mean the ones who made the bad loans and immediately turned around and sold them to be somebody else's problem?