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If your argument is that to make the banks and bad borrowers sleep in the bed they made will cause recession then you have to ask yourself what is wrong with recession? Recessions are a natural part of the buisness cycle, they are called corrections because things need correcting. In good times people tend to take on more debt than they can pay, assets are over appreciated, and lenders get sloppy, recessions bring everyone back to reality. The more you interfere with the natural cycle the more problems you cause. The current problems were caused by the Feds intervention in the 2001 recession. Trying to fix this recession will have negitive results down the road.
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