Why were the big banks of America allowed to give money to all these small finance companies and rip off...?

Question

the people with high interest rates (the rate of forclosure in my state is 375 households per week)!

Answer 1

So they can make MORE money.
major banks now own many of the legal loanshark 'cash advance/payday' usery companies. they even have the testi cules to say these companies can't make a profit at 35% per month loans.
sub prime mortgage companies make money cause the public are conned into to believing you 'need' a house when you can't even make your credit card bills.
OH banks are Major contributors to YOUR elected offical who helps create bank laws.
do the math.

Answer 2

You don't have to buy a house if you don't want.

Nobody is pointing a gun to you head and forcing you to sign on the dotted line.

You can always save two thirds of your salary for a decade and buy your house WITH CASH just like 10,000,000 illegal mexicans already did.