The banks are at fault because they did not review on the reliability and assets of the people asking for the loan
Updates from Tuesday 29th October, 2013 Toggle Comment Threads | Keyboard Shortcuts
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No
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alideng
This is the banks problem. The bank should take responsible for it ! The never think about how many people can return it .
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Xinyu Liu(Serene)
The governments have the responsibilities to regulate the banks and limit the amount of loans.
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Katie Chang
The 2008 financial crisis can be attributed to banks giving out loans excessively to people who could not pay them back.
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zhangxinyihou
Bankers.They were glad to find a demand for the high interest rate loans associated with subprime lending then they can earn more money.
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fannie
Government should regulate the interest rates or other market behaviors to mitigate the crisis
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Wengqiuzi Chen
The banks are to blame. They just lend money to people with low interests without evaluating whether they are able to afford the debts and think about the circling results of too much credit into investment.
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Danna Wu
The bank should be responsible for it because the bank offers loans to people who cannot pay back in the future.
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Qian Chen
It is people’s fault because people can cannot pay off the but continue to borrow.
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Jiawen(Karen) Liang
the borrowers fault. if the people didn’t borrow the money then the whole thing would not happen.
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huayuzhou
Banks should take the responsibility because banks passes a large number of subprime mortgage loan.
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michellewong95
Banks: Lent money to people who couldn’t pay it back. Risk not evaluated.
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sidmookerjee
banks fault as they lent money to people who were unable to pay back and inaccurately priced the risk of mortgage related financial products
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Chanel Lau
The banks overestimate the whole market so that they lend money to people who can not pay the money back, causing a dead circulation
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thomascampbell
banks are at fault because they lent money to sub-prime mortages and then sold bundles of the mortages to buyers and profited
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yuanrongli
bank
because they give loans to both the firms and the buyers but both of them cannot pay back,which causes subprime crisis -
michellewong95
Banks: Lent money to people who couldn’t pay it back. Risk not evaluated.
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thomascampbell
banks are at fault because they lent money to sub-prime mortages and then sold bundles of the mortages to buyers and profited
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gowl9969
the banks gave money out to people who couldn’t afford
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yaochen
I think it was the banks fault, because they just lent the people their money even the people could not pay them back.
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carriezhou
people cannot afford the money they borrowed from bank
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Ramona Teinilä
C: as banks gave out loans too easily, & financial institutions using large sums of money as a motivation for their workers
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Michael Jin (MJ)
it was the people’s fault because people who were eligible for paying the money back cannot pay it back right now.
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zijianmao
The bank borrowed too much money to consumers which beyond their ability to return these money
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stevenzzx
people can not pay back the loans resulting in the lack of money in banks.
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Daniel Piechnik
The Banks: They made money easy to borrow. They lent it to people who they knew couldn’t pay it back.
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francisching
Banks loan money to those people who cannot pay them back, losing money as a result.
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Kenny Leung
The banks because they lent too much money. Too many people invested and lost so they were unable to return the money to the bank.
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Jack Li
The banks lend out too much money while the people couldn’t even afford paying back.
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