Friday, September 9, 2011

What reasons will people blame the banks for the credit crisis?

just some bullets points would be great. thanks|||1: Banks made loans and gave credit cards to people that had proven poor credit scores.





2: Banks created loan products for the sole purpose of getting people qualified that otherwise would not have been able to get a traditional loan. See examples like "option arm" mortgages with their negative amortizing payment option. Bad stuff.

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