> Banks were forced, basically at gunpoint, to lend to extremely high-risk borrowers Are these the same banks that were choosing to issue loans to people with

> Banks were forced, basically at gunpoint, to lend to extremely high-risk borrowers Are these the same banks that were choosing to issue loans to people with no job and no assets? >A NINJA (no income, no job, and no assets) loan is a term describing a loan extended to a borrower who may have no ability to repay the loan. https://www.investopedia.com/terms/n/ninja-loan.asp https://www.investopedia.com/terms/n/ninja-loan.asp Banks were making loans to anyone, taking their cut, selling those loans to investment banks on Wall Street (who also took a cut) and rolled them into collateralized mortgage backed securities, which were fraudulently marketed as having very little risk and sold to the public. The banks didn't care if the home buyer couldn't pay, because they were just taking a cut and passing off the risk to the public.