The public policy blog of the American Enterprise Institute

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Discussion: (1 comment)

  1. “.. may not know that he has set it.”

    That’s a good one. He’s not a dummy, he knows what he is doing. His goal is to insulate the borrower from any negative consequences of the borrower’s past and future actions.

    A would-be borrower who doesn’t have good credit? Pressure banks to grant the loan anyway.

    A borrower who doesn’t make his payments?
    Pressure banks to forgive the loan.

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