equalizer, if those big, rich, nasty banks, 100% of whose money belongs to their depositors or investors (that’s you and me) take losses on a massive scale when they lend more than, say, 50% of the purchase price of a home, then guess what, minimum required downpayments will become 50%.
Do you want to live in that world? I’d love it, but I have the impression that the people who complain the most about an “excessive” emphasis on personal responsibility would do very poorly in that new world.
