In the following video, Motley Fool financial analyst Matt Koppenheffer takes a question from a Fool reader, who asks, "Reports are that the administration is, 'again,' pushing banks to lend to less well-qualified applicants. While many on the right have blamed the bursting bubble on this 'past' practice -- was it broadly a practice or did banks generally exceed just lowering standards to the point of fraudulently punching up applicants to meet standards, issuing the loans, packaging them up, lying about them to investors and getting fat... Debunk the myth that the bubble burst because of greedy consumers."
Ask a Fool: Did Greedy Consumers Sink the U.S.?
By Matt Koppenheffer
-
Apr 22, 2013 at 6:06PM
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NYSE: BAC
Bank of America Corporation

Market Cap
$298B
Today's Change
(0.95%) $0.35
Current Price
$37.02
Price as of May 27, 2022, 4:00 p.m. ET
Was it consumer greed that brought the housing bubble crashing down on our heads?
Stocks Mentioned

Bank of America Corporation
BAC
$37.02
(0.95%)
$0.35
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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