Financial free future


I think banks should have safer lending because without it people would become greedy and make the banks go bankrupt. But after having a big debate with my class, I have been convinced even more for safer lending. The main reason being, if they had safer lending in 2008, the financial crisis wouldn't have happened and nobody would have lost anything 10 years ago. In the financial crisis people would have lost/quit their jobs due to not being able to be payed. Most of the time, people took big loans and were not able to pay it back, this is what started the financial crisi. How would you react if you lost a minimum of £1000

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