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Should Both Lender and Borrower Share the Losses?
People who demand that borrowers always face up to their debt obligations are sometimes cutting off their noses to spite their faces, he says. "It's surprising to me that more people don't also place some blame on the lenders" The idea is that both lender and borrower should more equally share the losses associated with the crisis,. It's not a radical proposal; we're just saying it seems better for fairness purposes."...