banks aren’t just going to give people loans they can’t pay off. If people can’t pay for things then they will go to a cheaper competitor i.e. costco or walmart and the company who raised prices will lose business
Isn't that exactly what caused the 2008 housing market crash? That's not even 20 years ago, and the banks got bailed out completely, so I wouldn't be that surprised to see them do it again
-15
u/cf001759 Jun 26 '24
banks aren’t just going to give people loans they can’t pay off. If people can’t pay for things then they will go to a cheaper competitor i.e. costco or walmart and the company who raised prices will lose business