Regarding people over stretching themselves – this is what I believe has caused all this financial fiasco. Over the last decade people have been living on credit they can’t afford – isn’t that exactly what this "tocic loans" that has caused the Banks so much bother?
Regarding banks over stretching themselves – this is what I believe has caused all this financial fiasco. Over the last decade banks have been giving loans they can’t afford- isn’t that exactly what this "toxic loans" that has caused the people so much bother?
It is not that the bank could not afford the loan – the problem begins when the people who were given the loans could not afford to pay them back!
