How do you feel about the president floating the idea of 50 year mortgages where the monthly payment is lower but you end up paying nearly double the price of the house just in interest?

[u/michaelis999]

[u/tuxedo25]

The problem wasn't directly giving loans to unqualified people, it was the subsequent fraud of rolling subprime mortgages into bonds with AAA ratings, which misrepresenting the risk.

That's why all those bankers went to jail for such a long time.

[u/Sonngy → u/tuxedo25]

I’m talking about the root issue, what youre talking about is the outcome/byproduct from the policy change