Maximize profit than serving their customers

Reference no: EM133714329

Question: The financial crisis of 2007-2008 happened because... The financial crisis of 2007-2008 happened because... Home buyers did not ask the right questions. It is their responsibility to learn all the risks Banks were more concerned about selling investment portfolios to maximize profit than serving their customers. Home buyers flipped too many houses for the banks to sustain a profitable investment portfolio. As a result, banks were fooled into giving out too many bad loans. The government did not give banks a chance to serve their customers and instead regulated the banks too much in a way that hurt the consumer.

Reference no: EM133714329

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