Freddy Figbottom
Was it me?
so where are you on banker bailouts?the 30 year loan also would not exist. neither would a 10 or 15 year. those were born from regulations to the free market
in a free market banks would offer interest only balloon loans for 2-7 years - and the rates would go up substantially as the years of the loan were longer.
Loan to Value would be quite high at 50-60%, as in true capitalism, you save capital
borrowers would instead frequently refinance on short term loans
