posted on Nov, 12 2012 @ 11:27 AM
reply to post by soficrow
I don't like the banks. I do not think the banks were acting responsibly.
In the instance of the housing crisis there are contracts involved. Which requires the consent of not just the bank but also the individual. In a
voluntary contract how can only one party be irresponsible?
The banks were being irresponsible by giving people loans that people could not afford to pay back.
The people were being irresponsible by not reading their contracts, and/or not doing their own projections to realize they could not afford to pay off
what they bought.