Steinlight
VIP Member
- Jan 30, 2014
- 4,508
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Why would lenders do that?
Why do lenders lend money?
To make money, duh.
Why do you ask these stupid questions? Oh wait, you support a $23.50 an hour minimum wage. Never mind...
Lenders lend money to individuals that don't have the ability to pay to make money? Sure they do.
When they have a monetary incentive? Absolutely. Notice, I said they lend to make money, not necessarily money from the borrower. Example, the subprime mortgage crisis, lenders at banks were given monetary incentives to provide unqualified borrowers loans they could not afford.