Sounds great. What is your solution when vast amounts of borrowers default on their mortgages and lose their home and the single largest part of their net worth? Too bad, so sad? Okay, what about when you now have a large stock of bank owned properties that cntbe sold and you've greatly exacerbated the housing crisis?

This is the problem with absolutism. It crumbles under the weight of actual reality.

There should be no taxpayer support for mortgage holders in difficulty. It’s not fair to anyone who doesn’t have one, and especially unfair on renters. It has to be sorted out between the bank and the mortgage holder.

This sounds wonderful "in theory" but I'm practice it is the exact recipe for a decade or more of lost GDP growth, crashing home prices and hundreds of thousands of citizens displaced. There is a reason that global governments bailed out the corrupt financial institutions during the 2008 crisis. It is because he alternative is unthinkable.