business that capitalized on mortg? Why was it wrong for the banks to capitalize on mortgages when they were a business that capitalized on mortgages? That was the main asset of these banks and it's not like we didn't know it. It's where people were recommended to!
They were just doing their jobs.
The banks were not forced to give out risky mortgages. In fact George Bush lowered the standards of the CRA making it pretty much non existant. I think you need to do a little research on all that before you spat your mouth off about it.
The banks wanted to give out risky loans with probably some good intentions the loan does default so therefore they make their money off one sucker, and still have a house to sell to another. There were bankers who admitted to this.
The job of a banker up to this point now is to get you the loan. There were bankers who admitted to giving a loan to anyone who passed the computer sweep just cause they got compensated by the people who hoped the loans went into default.
Now go blame Obama kid.
They were just doing their jobs.
The banks were not forced to give out risky mortgages. In fact George Bush lowered the standards of the CRA making it pretty much non existant. I think you need to do a little research on all that before you spat your mouth off about it.
The banks wanted to give out risky loans with probably some good intentions the loan does default so therefore they make their money off one sucker, and still have a house to sell to another. There were bankers who admitted to this.
The job of a banker up to this point now is to get you the loan. There were bankers who admitted to giving a loan to anyone who passed the computer sweep just cause they got compensated by the people who hoped the loans went into default.
Now go blame Obama kid.