rac0308, the banks got into trouble lending irresponsibly. They knew payback was risky, but didn’t care, because they passed that risk on to somebody else. Now, they can make more profit trading their complex assets than they can by lending to your local small businesses, and short-term profit is all they care about.
rac0308, the banks got into trouble lending irresponsibly. They knew payback was risky, but didn’t care, because they passed that risk on to somebody else. Now, they can make more profit trading their complex assets than they can by lending to your local small businesses, and short-term profit is all they care about.