3 ms·
The problem seems to come when the incentive to ensure that the borrower can actually pay goes away. IE: My understanding of the 2008/9 problem where banks wer
by flyingpenguin 8y ago
The problem seems to come when the incentive to ensure that the borrower can actually pay goes away.
IE: My understanding of the 2008/9 problem where banks were more interested in their banky uses of loans than just "Hey, an investment with good returns."