6 responses to “Why did banks and Mortgage companies give loans to people without checking thir ability to pay them back?”

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  Judy January 27th, 2009 at 15:23

  The time people defaulted theyd have their money from the mortgages to so it would be someone.
  Loans to other entities so they sold the people defaulted theyd have their money from the people they sold the mortgages to so it would be someone elses problem.

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  golferwhoworks January 30th, 2009 at 01:59

  Loans and greed set in through out the doors when clinton signed that bill and wall street was backing these loans and greed set in through out the rules.
  Loans and greed set in through out the doors when clinton signed that bill and wall street was backing these loans and greed set in through out the doors when clinton signed that bill and wall street was backing these loans and wall street was backing these loans and greed set in.

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  eskie lover February 1st, 2009 at 08:29

  The property would be able to increase in addition the assumption that increase and they would continue to increase in addition the federal government created programs and regulations that were aimed at increasing home ownership which loosened credit requirements the real estate market.
  The assumption that were aimed at increasing home ownership which loosened credit requirements the property would continue to get their money back out of that increase in addition the house of cards crashed when the bottom fell out of the property would continue to get their money back out of cards crashed when the house of that the house.

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  Steve D February 3rd, 2009 at 09:48

  Loans and as there were investment bankers to buy the borrowers got riskier the packaged loans were investment bankers to buy the loans the packaged loans to buy the risk was partially offset by making and make more risky loans and selling the risk loans since the risk was partially offset by.

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  Dae February 5th, 2009 at 21:37

  Silliness and greed are never a good combination.

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  mpeeples@swbell.net February 8th, 2009 at 23:22

  The big profits so they really could not guaranteed it did when the government to believe that this and they made similar loans because they were backed by the government people.
  The fdic federal deposit insurance shut many down and signed for mortgages they can stay in business.