- Stricter rules for banks
- safer lending
- strickter rules for how bankers get paid
I think that idea two (safer lending) is the best because the bankers could still lend out money, but they would do it safely by checking credit scores to see if the people could pay the money back. This would result in less people losing money and less banks closing down.
In in my opinion, this would make lives easier for most people, because they will not end up losing anything. What do you think?
I know a person who borrowed money to buy a bigger house. They didn't realise that they didn't have enough money to pay back. If they had borrowed money with this rule, they wouldn't have borrowed too much money.
this idea would help lots of banks and their customers!