SamuelRSmith said:
The sub-prime mortgaging was down to the comission based system that the retail agents worked on. ie - the more houses they sold, the more money they got - I doubt they stopped to think about possible consequences from selling houses to people who couldn't pay for them, I'm pretty sure they thought that it wouldn't affect. Also the difference between you and a bank is that if you took a risk and lost out, it wouldn't cause the world's economy to crash. |
So thats why people will losse their jobs and fortunes. Because some incentive system was broke. How sad is that.
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