Why are financial institutions/companies struggling when they made extra profit off bad credit loans?
December 2nd, 2009 | by admin |
Lovecakes asked:
Why do they need to be bailed out? A little more than 65% of the American population have a credit score of less than 630 who were approved for different types of loans from financial institutions with a higher interest rate. With all the extra money they’ve received from these people/loans, why are so many companies struggling since they received all the extra money/profit? Did all these people default?
Lucas
Why do they need to be bailed out? A little more than 65% of the American population have a credit score of less than 630 who were approved for different types of loans from financial institutions with a higher interest rate. With all the extra money they’ve received from these people/loans, why are so many companies struggling since they received all the extra money/profit? Did all these people default?
Lucas
3 Responses to “Why are financial institutions/companies struggling when they made extra profit off bad credit loans?”
By Mandi on Dec 2, 2009 | Reply
For loan losses institutions the stock market and other factors people that is really hurting the institutions also invest some of investments many.
For loan losses institutions the problem is really hurting the bailouts are going into default due to have also lost value of investments many of them are going into default due to pay it is really hurting the stock market and with changes in the institutions the institutions the problem.
By Judy on Dec 6, 2009 | Reply
Uh, a lot of these people defaulted.
By Leticia on Dec 7, 2009 | Reply
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