4 ms·
A lot of lenders are idiots. My evidence is the 2008 subprime lending crisis.
by xyzzy4 10y ago
A lot of lenders are idiots. My evidence is the 2008 subprime lending crisis.
- titomc 10y ago2008 subprime lending crisis happened only in America. Lets think outside of America for this one. Lenders outside America are not idiots. Most of them lend on a solid collateral and someone from the family will have to have co-sign the loan, especially if its a huge sum.
- GFK_of_xmaspast 10y agoYou mean the ones who made the bad loans and immediately turned around and sold them to be somebody else's problem?