[empath75]

The people loaning them money bear some responsibility, also. If it’s obvious to you that it’s a bad loan it should be even more obvious to the bank, but they shield themselves from their poor decision making by wrapping the debt into instruments that they unload onto some other poor sucker.

[leetcrew]

certainly the banks fail to do their due diligence on a lot of these loans, but in some cases they are actually required by the government to issue them, even if it goes against their better judgment.