Maybe this is an ongoing game for commercial real estate speculators. Get a loan, try to get tenants, if you can't get people to pay full-price, default after a few years?
Answer: because they pawn the loan off on naive investors who trust the bankers to not be scamming them. Naive investors don't care because they are money managers for a pension or something.
Answer: because they pawn the loan off on naive investors who trust the bankers to not be scamming them. Naive investors don't care because they are money managers for a pension or something.