Why did banks give mortgages to people who couldn't afford them?

IMPORTANT: Your browser has JavaScript disabled.
Please follow our guide to enabling JavaScript to make the most of the Videojug experience.

Info

Producer:Videojug
Source Organization:Videojug
Duration: 3:36
Family friendly: Yes
Video quality: 360p
Video frame size: 640x360
Player type: Flash
Encoding format: h.264
Bitrate:900kbps

Why did banks give mortgages to people who couldn't afford them?

Jordan Goodman (Personal Finance Author) gives expert video advice on: How is the sub-prime mortgage crisis affecting the economy?; Why did banks give mortgages to people who couldn't afford them?; How does the sub-prime mortgage crisis affect the average American?

2,228 views