Perhaps my memory is failing, but wasn't lending to folks who were too risky/couldn't afford it one of the many irresponsible behaviors that directly contributed to high default rates and a crash in the secondary subprime market, leading to the recession?https://twitter.com/Noahpinion/status/1053678942358360065?s=19 …
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I see - so the idea is to attempt to get them onto a better loan program to reduce the potential of default? Bc that's still a higher risk, no?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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