All misbehaviour is driven by greed. It is evident that Wall Street Investment banks took the opportunity of lowered interest rates offered by the Fed and a weak financial regulatory system and stretched the proverbial rubber band by misbehaving and creating toxic financial instruments: subprime mortgages. They drove their product by means of predatory lending until the rubber band snapped. As a result, the American dream eluded millions and continues to be a pipe dream, far from reality, for the majority of
All misbehaviour is driven by greed. It is evident that Wall Street Investment banks took the opportunity of lowered interest rates offered by the Fed and a weak financial regulatory system and stretched the proverbial rubber band by misbehaving and creating toxic financial instruments: subprime mortgages. They drove their product by means of predatory lending until the rubber band snapped. As a result, the American dream eluded millions and continues to be a pipe dream, far from reality, for the majority of