- Why might they have done this?
They did because they people giving out the the loan were the ones receiving high pay and didn't care and it didn't seem as a problem to them because they had money it became a huge mess and it didn't work out everything they did was a bad idea. Everyone lost mooney expect for the bankers or loan givers.
- Was it an innocent mistake, which surprised the banks and rating agencies as much as it surprised most investors? Or was it an intentional ruse, which generated phantom profits and bonuses, even as it sowed the seeds of financial destruction?
I feel as if they did because they didn't really care because all of employes would get huge amount of money they had houses everywhere. They had a lot of money they had to be blind I feel like they knew but since they got a lot of money they didn't care since it wasn't there problem we lost a lot of money I don't think it was fair.
- How, exactly, was it “mad”?
It was mad because everyone was buying houses and everyone was getting zero interests which made a big impact everyone wanted a house but they if the prices went down they got mad since they were paying a lot more so people would leave the house but the banks would charge then and both ended up losing everything was going crazy.
No comments:
Post a Comment