Wary banks revert to strict lending standards »
Posted By TechnologyExpert 1 year, 7 months ago in Business & FinanceJust when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow - even for those with good credit.
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TechnologyExpert
I am Editor-in-Chief at Alice Hill's RealTechNews (http://www.realtechnews.com). I also have my own blog (Tech-Ex) at http://TechnologyExpert.Blogspot.com. Finally ...
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jordan111 year, 7 months ago
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can hear it already...The banks are being discriminitory in their lending practices, lets have congressional hearins to force them to loan money to people that are poor risk.>>>>>
Banks are in trouble BECAUSE they lent billions to people who were a poor risk. Over a million homes are facing foreclosure, and banks can't sell the foreclosed houses for for the price they lent money on. Our taxes are bailing out the banks. The feds are printing money and causing the value of the dollar to plummet in order to bail them out. Why on earth do you suppose Congress would try to make it worse?
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crespi1 year, 7 months ago
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So now only the ultra-wealthy will be able to buy freely.
And they are going to buy up OUR AMERICAN INFRASTRUCTURE to break laws more easily and increase their stranglehold control on us all.
That has ALWAYS been the plan.
America REWARDS CORPORATE CRIMINAL MALFEASANCE WHILE PUNISHING IT'S AVERAGE CITIZENS.
Watch closely those with a few hundred billion to spend AND WHAT THEY SPEND IT ON.
It's your future.
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HanymanComment removed: Retracted by user
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joeblowe1 year, 7 months ago
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What this headline should probably say is: Banks Revert To Sensible Lending Policies. Sure, banks make money by lending money at a higher interest than they pay depositors. Elementary. However, when they lend that money to very risky borrowers, well, you end up with a "sub-prime mortgage crisis" and a big hit to the economy. This whole problem arose because of excess greed and disregard of sensible rules.
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mackiemesserComment removed: Retracted by user1 Reply
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buckheadd1 year, 7 months ago
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Well, thats just why the government is now giving loans. I do admire this countries will though, throughout all we have suffered, America just does not give up! We are the bravest people, and will continue to be! VOTE FOR BUCKHEADD 2008!
Here is the current Buckheadd Presidential Campaign news:
$PUBLIC ANNOUNCEMENT$ As of 3/21/08, ALPHAGNOSIS has OFFICIALLY become the Vice Executive Manager and has replaced bronxbomber! I fired bronxbomber as he was being a VERY bad Vice Executive Manager, and I felt ALPHAGNOSIS could just handle the job better! ranchhand was fired as of 3/20/08, because he was also following the footsteps of bronxbomber. STONERS is leading effectively, and ENGINEER is also doing fine. ~I am still looking for more, message me if you are interested~
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