the most obvious similarity is that both started out in united states.right?
people in the 1930s took advantage of credit and borrowed too much, eventhough they were not capable of paying the banks back.
people in 2007/2008 had demands for houses and stuff, and they were able to afford them(by borrowing) eventhough they were not capable of returning
is this a similarity? in both cases people took advantage of credit and the banks just let them borrow without checkin whether they are capable of returning the the first place, right? thanks
people in the 1930s took advantage of credit and borrowed too much, eventhough they were not capable of paying the banks back.
people in 2007/2008 had demands for houses and stuff, and they were able to afford them(by borrowing) eventhough they were not capable of returning
is this a similarity? in both cases people took advantage of credit and the banks just let them borrow without checkin whether they are capable of returning the the first place, right? thanks