Banks – allowed more people to borrow money at lower credit rates – more people borrowing = more debt
Updates from Tuesday 29th October, 2013 Toggle Comment Threads | Keyboard Shortcuts
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alisonchan16
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Ka In Kou (Katherine)
The banks did not carefully evaluate the borrowers’ abilities of returning the debts in the future
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alexbutler
It is the banks’ fault for lending money to people they knew wouldn’t be able to pay it back in a reasonable time.
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julianheaney
I don’t think 1 party is to blame, that responsibility lies with a combination of groups but the US Gov needed more strict regulations
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cicisong
Bank
1. didn’t make sure that the borrowers are able to return back
2. interest too high to afford -
geniechang
bank because they lent money knowing the high risk (they just wanted high interest)
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garyyu
Banks are at fault. They can refuse to give risky loans, but approve loans regardless as they want that high interest return out of greed.
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tamarbatrawi
Banks are to blame (NOT ACCOUNTANTS – WE LOVE THEM) because they are giving out bad loans, and betting on other companies to go bankrupt.
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Spainie
The banks are to blame cuz they didn’t check the people’s ability to pay back before approving the loan.
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nicholasgilmore
It is the fault of the banks because the system used encouraged irresponsible loan approvals because it benefitted the worker financially.
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harnoorgill
B. Banks fault, since they need to evaluate the person’s ability to pay back the loan before lending them money
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baileybecker
Banks – they made irresponsible business decisions lending money to people who they knew may not be able to pay it back
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weichengli
Everyone is to blame. #sharedblame
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amyqiu
investors failed to accurately predict the risk involved
people also gambled money that they didn’t have -
nicolatighe
It is the banks fault because if the banks know that their clients are unable to pay their loans, then they shouldn’t be lending out money.
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Shuting Lin
Bank should evaluate borrowers better
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Ali Jatoi
Investment Banks, including Lehman Brothers, Morgan Stanley etc… they sold faulty CDO’s.
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juliejeehyepark
bank- approved all the loans without looking at others ability to pay back to earn money
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valarieng
The banks weren’t rejecting enough of the people asking for loans
no guarantee would be paid back
bank gave out false reports -
CarloCabahug
It is the fault of the banks as they willingly lent people money knowing that they may not have the full ability to pay back the money.
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Kelly Trach
Who is to blame?
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dillonyoung
Samsung and the NBA
Samsung Bought Almost Every Screen Anywhere Near an NBA Game
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