The bank's role is to verify that the provided information is valid. Banks didn'... | Hacker News

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notfromhere on Jan 22, 2019 | parent | context | favorite | on: $1.2T in risky corporate debt showing similar warn...

The bank's role is to verify that the provided information is valid.

Banks didn't care because they were going to sell off the mortgage and they didn't care about the underlying stability of the loan

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