Banks are the decision makers and they responsible for the money they lend out and the possible crisis
Updates from October, 2013 Toggle Comment Threads | Keyboard Shortcuts
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judychiang
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Collin Singer
The securitization chain is at fault, because it made lenders not care if loans went bad, because the responsibility was with the banks
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jpoon
Debts that cannot be paid off from both the government and the general population.
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xinjiang
Government overused expansionary monetary policy.
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katbhuynh
the banks are responsible for lending money without doing background checks of the financial position of the borrowers
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William Liaw
Banks are responsible as they approved the loans with limited research on the borrowers
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jiaxinlyu
Banks are responsible for offering money to borrowers, because they did not know the full background information of borrowers.
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Yang Yi (Emily) Chen
Banks because they approved loans without fully evaluating borrowers’ abilities to pay back.
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jiatongzhou
The bank is responsible for giving out money and the money they lend out could cause a crisis.
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jaehsong
The government caused financial crisis, because they were the ones that ultimately intervened and messed up the economy.
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Regine Chew
The banks as they did not consider whether its clients could pay back the loan they borrowed.
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sheimarezai
The banks were mainly responsible for the crisis as they loaned risky loans and packed it to CDO and sold it for a quick profit.
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kamilkhan
If the government had put some restrictions what kind of loans banks could give out, the crisis wouldn’t have occurred.
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Jiaxin Fang
government increased the interest rates of loan, banks then lend out more money without evaluating the ability of people to return money
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Jiaqi ZHAI
Many banks and financial institutions do not control on the amount of credit send out and background investigation.
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Melissa (Shi Yuan) Wu
Financial regulations weren’t strict enough allowing for banks to act irresponsibly.
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minshengchew
government did not crack down on big risk being taken by these financial institutions
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nanxizhao
it’s the banks’ fault because they are the decision makers. They decide to give money or not. Lack background check causes the crisis.
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Xuning Zhu
The banks made risky loans to people and they did not think seriously whether these people were able to pay it back.
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cameronlawrence
The banks because they gave out loans to those who couldn’t afford to pay them back
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clairepourbaix
The banks were lending out money to people without checking whether or not they could pay it back
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enagan
government made policies/regulations/intervention which altered the financial markets
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intansalim
The government because they supposed to manage or control the expenses
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alvinialao
Banks had minimal equity to deal with arising problems.
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kimdomil
The banks are responsible because without effective checks, they gave loans to people who had no way of paying it back.
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omarvirani
The banks were irresponsible and didn’t do enough prior research before giving out loans.
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Winnie Ng
Banks who lent out money are at fault because they gave out loans to people without thoroughly assessing if they could pay it back or not
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hebaili
The banks are responsible because they give large amount of loans to people without analysis that people may not be able to pay back.
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Chengzhi(Vincent) Li
The banks, because they should’t lend money to people who may not be able to return.
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guangyowlow
I believe the cause was from the bank as they didn’t do proper background check and borrowed money out irresponsibly.
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