Because the banks are in on the scam. They have to be or they would be forced to report huge losses from marking down loans. Can’t have that screwing up the ex

Because the banks are in on the scam. They have to be or they would be forced to report huge losses from marking down loans. Can’t have that screwing up the exec bonuses. Best to let the next guy deal with it, or heck, maybe they will get lucky and the market will turn around! “Extend and pretend”