Who was to blame for the 2008 financial crisis?
Who was to blame for the 2008 financial crisis? The Biggest Culprit: The Lenders Most of the blame is on the mortgage originators or the lenders. That's because they were responsible for creating these problems. After all, the lenders were the ones who advanced loans to people with poor credit and a high risk of default. 7 Here's why that happened. Why did the global financial crisis happen? The catalysts for the GFC were falling US house prices and a rising number of borrowers unable to repay their loans. As house prices began to fall, the share of borrowers that...