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Interest rates Essay Topics & Paper Examples

Inside Job

The collapse started back in the 1980’s with the deregulation of Savings and loans, this meant that the government no longer was overseeing the manner in which business was conducted. This in its self did not create the collapse, but as time when along more deregulation in the banking sector took place. Banks could now begin to loosen their lending guidelines, this trend lead to what was know as sub prime lending. Many banks such as Chase, Citi, Bank of America, Countrywide and many more started these companies to lend to the less then slandered banking customers. This way the banks could still make money, but not jeopardize their portfolio customers. Now banks could lend money to customers that had…