Banks pushed to lend to weak credit holders - REO Property Preservation Forum
 
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post #1 of 4 (permalink) Old 04-03-2013, 11:24 AM Thread Starter
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Banks pushed to lend to weak credit holders

STUPID politicians never learn.

By doing this chairman 0 is boosting his base's support.




http://www.washingtonpost.com/busine...755_story.html

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Amateurs are people that can't do their job even when they do feel like it.
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post #2 of 4 (permalink) Old 04-03-2013, 06:57 PM
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Originally Posted by BPWY View Post
STUPID politicians never learn.

By doing this chairman 0 is boosting his base's support.




http://www.washingtonpost.com/busine...755_story.html
Sweet. This means we will have work for years to come.
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post #3 of 4 (permalink) Old 04-03-2013, 07:32 PM
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They can prey on folks that filed a bankruptcy in 07 since they should be good to file again sometime next year.
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post #4 of 4 (permalink) Old 04-04-2013, 12:33 PM
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http://www.zerohedge.com/news/2013-0...per-use-credit

This site rocks and is pretty close to the bone

As for the Obama plea to open the flood gates and repeat history there are a few thoughts that popped up for me
1) Fanniemae is supposed to be getting disolved I thought. SO Who cares about what their CEO has to say. The lemmings that read this outside of our industry just see a well known name and figure it is To be takes as gospel.
2) Bottom of page it says Fannie is having Great quarter. No mention of repaying the monies that were pumped into them when they were failing. WTH if we as business owners did these types of actions we'd be spending time at the Grey bar inn. And bubba would be happy.
3) As for openiong the credit to more risky borrowers, are you Kidding me !! Thats suicide and shows how desperate the curent administration is at getting the economy going. In past years it has been housing that got the economy going but this time is the cause. The country needs to look else where to find a recovery. The ONLY thing we make anymore is debt. We have no manufacturing. IMO we need to close the boarders and manufacture in house
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