Most revolve around a simple fact: with the Government effectively guaranteeing loans, banks had little incentive to check that information applicants gave was correct or that they could afford to make repayments.

Most revolve around a simple fact: with the Government effectively guaranteeing loans, banks had little incentive to check that information applicants gave was correct or that they could afford to make repayments.

Most revolve around a simple fact: with the Government effectively guaranteeing loans, banks had little incentive to check that information applicants gave was correct or that they could afford to make repayments.

Most revolve around a simple fact: with the Government effectively guaranteeing loans, banks had little incentive to check that information applicants gave was correct or that they could afford to make repayments.