It seems to me the perfect capture of the economic naiveté of the public. Anybody who has even a passing understanding of economics would understand making mortgages to more people with low credit qualifications will result in more defaults.
It wasn't in the study, but I'll bet you would get similar results for these questions:
Do you favor or oppose government raising the Minimum Wage?
Do you favor or oppose government raising the Minimum Wage if it meant there would be fewer jobs for low skilled workers?
Or maybe this one
Do you favor or oppose higher tariffs on goods from China?
Do you favor or oppose higher tariffs on goods from China if it resulted in higher prices for most things that you buy?
The illusion of a Free Lunch is still very powerful.
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