Why Are Financial Institutions/companies Struggling When They Made Extra Profit Off Bad Credit Loans?
Why do they need to be bailed out? A little more than 65% of the American population have a credit score of less than 630 who were approved for different types of loans from financial institutions with a higher interest rate. With all the extra money they’ve received from these people/loans, why are so many companies struggling since they received all the extra money/profit? Did all these people default?
