Are banks to blame for bad loans?
The financial sector has done it again: set the world up for a major slump (news, March 18) Bankers will always, sooner or later, forget all caution and stoke up a boom through excessive lending, for that is how they earn the most money for their company and for themselves, through their bonuses.
The big banks clearly have little interest in modifying people’s mortgages under HAMP. The desultory results of the program, along with banks’ laughable excuses for its failure, speak for themselves.