Are you serious???!!! Banks aren't required to verify??<quoted text>
Banks were not even required to verify in many cases. Blaming it all on the banks is so rediculous. People that take out loans, knowing they can't afford them, is at the heart of the problem. "Responsibility". ACORN contributed to this by suing Citicorp to force them to loan to people that couldn't afford it. How did the banks rake in the money? A lot of these loans were with no down payment. If they were raking in the money, we wouldn't be bailing them out.
Doesn't your employer verify your previous employment before hiring you? And that's to make money.
If they don't have to verify, why ask???