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Re:Why Don't People Manage Debt Better? by Jtsummers on Friday February 19, 2016 @02:16PM (#11135816)
You asked: Why wouldn't the lender buy the asset directly?

The reason is: They don't need it. They want income, not assets.

Re:Why Don't People Manage Debt Better? by barrkel on Friday February 19, 2016 @06:07PM (#11137453)
Lenders buy income streams; income streams are assets, from the lender's perspective.