Quote Originally Posted by Seamus Fermanagh View Post
There were and are plenty of regulations on the books. Enforcing existing regulations -- and prosecuting fraud vigorously -- is all the system has ever needed. Neither was done assiduously.
Go on about the existing regulation

"Predatory Lending" should be addressed as fraud.
Well it's quite hard to determine what is predatory and what wasn't exactly. If fraud was the case, then it should be prosecuted.

"Idiotic Loan Taking" is a caveat emptor deal. Or are you seriously suggesting that we should somehow "regulate" what financial choices a free citizen makes for themselves?
Yes I am. Some people are simply idiots. You should not be allowed to take out a loan you cannot possibly afford, even if the lender agrees to it. As you have seen, this causes a lot of problems.