Not Ranked
The larger problem seems to be the oversight, it seems too many brokers were writing loans that they knew were bad, and no one was watching them. Look at it this way if you were poor and someone was telling you they could get you a loan, do you think they are going to turn them down because they might not qualify? NO, they are going to take that loan, I think the problem was brokers pushing loans that they knew were bad, they also knew they could be bundled and re-sold and would be long gone when the truth came out.
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