Refering to The Corruption at Fannie Mae and Freddie Mac and

Refering to The Corruption at Fannie Mae and Freddie Mac and on Countrywide Financial, Are subprime loans an unethical financial instrument or are they ethical tools that were misused?

Solution

no, they were ethical financial loans only. but they were misused in this context. there will be many reasons for this, bankers provided loans even to the uneligble ones, to increase their number of loans, number of customers with relates to competitors.

so, the subprime lonas are acceptable but they were misused by the lenders.