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Greedy bankers, weak politicians and timid journalists could cause a new crash

9 点作者 randomname2超过 9 年前

1 comment

bobby_9x超过 9 年前
What this article doesn&#x27;t mention is the vast amount of people that knowingly took out a home loan that absolutely did not have the income to pay it.<p>I can remember when things were crashing, they interviewed many people on TV that said they had no responsibility because it was the &#x27;bank&#x27;s job to check if they had the income&#x27;. A couple took out a loan on a $500,000 house and both had minimum wage jobs. It&#x27;s not like they lost their jobs. They only ever had minimum wage jobs.<p>Everyone got greedy. The banks were forced to take on really risky loans because the government thought it was a good idea that everyone should have a home. They bundled them up and tried to make even more money on them.<p>People figured out pretty quickly that you could get a home with virtually nothing down and many banks didn&#x27;t even check to see if you had the income.<p>It&#x27;s easy to put the entire crash on the big, bad, bankers, but there are multiple groups to blame here (bad government policy+greedy bankers+greedy people wanting houses they can&#x27;t afford).