Bankers not Victims

Reader comment on: The Banks as 'Victims'

Submitted by Attorney in Brooklyn (United States), Oct 13, 2009 21:43

Most banks, from small to large, were involved with peddling and purchasing abusive loans. They were involved because they made money, not because regulators told them to. If the regulators had been doing their jobs (i.e., managing for the safety and soundness of our financial system, looking out for the little guy by patrolling for discrimination in lending) we would not be in the mess we're in today -- and millions of Americans might have avoided foreclosures which have drained them of their savings, ruined their credit, and deprived them of the chance to be successful homeowners.

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