@dpelizabethz15 asked 3 months ago.

How much and in which ways did unbridled self-interest contribute to the subprime lending crisis?

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@watapamohu answered 2 months ago.

Self-interest is a natural part of everyone’s lives. When we see something we want, we go after it. It’s what fuels competition and it’s what motivates us to do our best work. And it’s not all bad. Self-interest is a powerful engine that drives the economy.
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@abezepenn answered 2 months ago.

Unbridled self-interest is the basis of capitalism and this is how the free market operates. Everyone is motivated by self-interest and this drives the economy. We can’t have a truly free market if this isn’t the case because people have to be self-motivated or nothing will get done.
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@bilassadog answered 2 months ago.

The subprime lending crisis was a financial crisis that occurred in 2007-2008 that was sparked by a high default rate in subprime mortgage loans. Subprime mortgages are mortgages given to borrowers with poor credit, low incomes, or little money put down as a deposit.
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@evoppattax answered 2 months ago.

While the Great Recession was spurred by the collapse of the housing market, which led to the implosion of the financial markets, it was actually caused by the subprime mortgage crisis. The subprime mortgage crisis began with high levels of subprime lending.
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@isselewadda answered 2 months ago.

American financial institutions, investment banks in particular, were at the heart of the mortgage crisis, and unbridled self-interest is the reason why. The whole financial system was built on a foundation of self-interest. The problem was that the self-interest was not moderated, and it led to a disaster.
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