Who forced foreign bank to buy so various doomed to failure American sub-prime mortgages?
While many large foreign bank hardly bought any.
Answers:
They weren't bleak when they were first sold, "greater the risks the greater the returns"
Apparently, these Banks had very prudent supervision who performed great job.
Because in other countries, such as Canada, the bank are more tightly regulated. Canada has one of the most stable banking systems surrounded by the world, simply because there is more regulation. But even Canadian banks are hurting because of the credit crisis. But not a single one have become insolvent because of the frauds committed on Wall Street.
Greed.
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Answers:
They weren't bleak when they were first sold, "greater the risks the greater the returns"
Apparently, these Banks had very prudent supervision who performed great job.
Because in other countries, such as Canada, the bank are more tightly regulated. Canada has one of the most stable banking systems surrounded by the world, simply because there is more regulation. But even Canadian banks are hurting because of the credit crisis. But not a single one have become insolvent because of the frauds committed on Wall Street.
Greed.
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