The statement is true because the financial crisis to begin in 2008 resulted in the decisions of poor investments as well as financial dealings in a risky way.
By the summer of 2007, there were indications on financial markets all around the world that a year-long binge on cheap loans was about to come to an end. Years of preparation went into the 2008 financial collapse. With accessible credit & lending guidelines that drove a housing bubble, the financial crisis of 2008 got its start. When the subprime mortgage broke, the banks were left with trillions of dollars in investments. Many people lost their homes, savings, and jobs during the Great Recession that followed.
The mortgage originators or lenders are mostly at fault. That is so because they are to blame for these issues. Because they were the ones that provided loans to borrowers with bad credit and a high chance of default, lenders made the way for the crisis in some way.
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