Richard Bittner described borrowers in the US loan crisis as people with poor credit standing, meagre incomes, occasional jobs, no history of renting, and no savings to make ends meet.It is obviously not feasible for banks to lend money to such people, and government regulation is also ineffective, but why are there so many poor people or such a large number of vulnerable groups in American society.
the meaning of the above theme?
The U.S. government's supervision on the borrower's ability to repay the loan is insufficient