Forum Discussion
mileshuff
Sep 30, 2013Explorer
JJBIRISH wrote:
accepting and convincing them it was a great move, and that their net worth would be their saving grace through retirement…
More the Govt's choice to do so than the banks. Govt. is the one who set policies for the banks to follow and they did just that. Blame goes to the Govt., not the banks who followed Govt. policies exactly. Govt. said make those high risk loans, get these people into homes, don't worry, we'll back the loans up.
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