The greedy customers are held accountable when they lose a lot of money.
How exactly are the banks held to account for their bad advice and lending practices.
They just foreclose on the property and sell it to recoup their losses and get to keep all monies payed so far.
Not just that but the greedy customers get to keep paying the bank for any shortfall associated with the borrowed price on the house and the sale. The greedy customer is held accountable in having to pay the difference for a long long time mostly.
Even if it is a motor vehicle it is reposesed by the bank or their allied business.
I just cant see how the bank is being held accountable?
