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Comments on: New William Cohan Book Goes Inside Bear Stearns Collapse http://www.subprimelosses.com/blog/index.php/2009/03/05/new-william-cohan-book-goes-inside-bear-stearns-collapse/ Fri, 18 May 2012 14:46:03 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Bert http://www.subprimelosses.com/blog/index.php/2009/03/05/new-william-cohan-book-goes-inside-bear-stearns-collapse/comment-page-1/#comment-8961 Bert Fri, 29 May 2009 04:18:52 +0000 http://www.subprimelosses.com/blog/?p=513#comment-8961 I have a question about the undermining cause of Bear Stearns collapes. Bear Stearns collapsed because they created packages of mortgages and sold them. These mortgages became losses because people couldn't make payments on their mortages and demand dropped off. Seems to me the real cause of this crisis was the Banks on Wall Street where giving loans to people on an Adjustable rate or interest only bases which eventually adjusted up and put people in a spot they couldn't afford their loan payment. My believe is the Banks actually created this problem. They didn't educate people who they were giving these loans to. What is your opinion on this? I have a question about the undermining cause of Bear Stearns collapes. Bear Stearns collapsed because they created packages of mortgages and sold them. These mortgages became losses because people couldn’t make payments on their mortages and demand dropped off.

Seems to me the real cause of this crisis was the Banks on Wall Street where giving loans to people on an Adjustable rate or interest only bases which eventually adjusted up and put people in a spot they couldn’t afford their loan payment.

My believe is the Banks actually created this problem. They didn’t educate people who they were giving these loans to. What is your opinion on this?

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