Do NOT lend to people who might not be able to. Better safe than sorry when lending.
MAKE SURE THEY CAN PAY IT BACK!
Ways to help achieve safer lending:
2.NO BONUSES FOR INDIVIDUAL BANKERS!
How the financial crisis happened:
1.The bankers give the loan to the loaner.
2.The loaner uses the loan.
3.The bank waits for the loaner to pay the money back.
4.The loaner DOESN'T PAY THE MONEY BACK!
Now this still happens around the world, in so many different places, however this was a big problem in 2008.
People weren't obeying the laws of loaning, and the banks had to pay other banks the money that they had earned themselves, so the Financial Crisis was caused by the risky lending.
This is my opinion. Tell me what you think happened in the comments section.