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Why do businesses like home mortgage(CountryWide) lead money to people who can not pay it back?

Nov 29, 2007 by smbrpcv | Posted in Corporations

From the news media, there are a lot of home foreclosures from mortgage companies such as Countrywide. The employees who write these loans have business degrees and experience in home mortgages yet they go ahead and create and approve loans that can't

Because they make their money from selling these bad loans in the marketplace to idiotic hedge fund investors who have no idea what they are even investing in.

The bank takes the bad loans, packages them together with other bad loans, and

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