You need to be specific, what fraud put the survival of the country at risk?
if making loans MAKES money, and rejecting loans LOSES money, they will tend to go the path of more money
Yeah, I understand that banks like to make loans that make money. They prefer not to make loans that lose money.
upper level people that I work with look at the bottom-line, and risk is part of that equation, and they take plenty of risk.
There are no guarantees, so why do you feel I'm the one who is confused?
“You need to be specific, what fraud put the survival of the country at risk?”
The 5 to 10 TRILLION dollars of worthless paper that the fed bought, so as to keep the too-big-to-fail banks in business. That was my kids’ future THEY STOLE. That’s why I’m angry about. I’m sorry if the numbers are too big for you to get your hands around.
“Yeah, I understand that banks like to make loans that make money. They prefer not to make loans that lose money.”
Maybe they ‘prefer’ to not lose money, but that wasn’t how it worked out. I’m sorry if you are not aware of the loans made in Arizona, California, Nevada, and Florida - for if you were aware, you’d see that making loans that could be paid back was not a requirement.
“There are no guarantees, so why do you feel I’m the one who is confused?”
No, you’re wrong. If bankers are FREE to make loans to anyone they want, with they federal government backing up their deposits, they SURE AS HELL will make loans to EVERYONE, regardless of ability to pay back - it was just demonstrated, from roughly 2003 to 2007.