Frontline's inside the meltdown showed people who took out mortgages they couldn't afford in the hopes that their home values would increase and they would become rich. Why did the banks give these people mortgages?
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Secretary Paulson decided not to guarantee a government loan for Lehman Brothers as he had for Bear Stearns with the JPMorgan takeover. ... Why did the government give AIG a loan of $85 billion after refusing to loan money for the Lehman Brothers acquisition#⃣✌♥️#⃣✌♥️
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In response, central banks around the world tried to stimulate the economy. They created capital liquidity through a reduction in interest rates. In turn, investors sought higher returns through riskier investments. Lenders took on greater risks too and approved subprime mortgage loans to borrowers with poor credit.
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