Do we really need a sophisticated model to tell us that we shouldn’t deal in subprime mortgages
No, we don’t ‘need’ a model to tell us this, because it’s obviously false. Just because you have a poor credit history doesn’t mean you shouldn’t be allowed to get one, if you can find a willing lender and agreeable terms. Indeed, the creation of the subprime market was once viewed as a progressive cause.
No, we don’t ‘need’ a model to tell us this, because it’s obviously false. Just because you have a poor credit history doesn’t mean you shouldn’t be allowed to get one, if you can find a willing lender and agreeable terms. Indeed, the creation of the subprime market was once viewed as a progressive cause.