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Wary banks revert to strict lending standards »

Posted by: TechnologyExpert 1 year, 9 months ago

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Just 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

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Comments: 39

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ghengisghan
March 21, 2008, 9:33 a.m.
I 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.
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antitrust
March 21, 2008, 10:23 a.m.
Does this mean that I am going to get less credit card offers in the mail? Breaks my heart...
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crespi
March 21, 2008, 10:29 a.m.
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.
HanymanComment has been removed: Retracted by user
HanymanComment has been removed: Retracted by user
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joeblowe
March 21, 2008, 12:29 p.m.
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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marshx
March 21, 2008, 12:50 p.m.
well, eventaully they'll have to or run out of business; there are fewer people with perfect credit ratings and often they don't need to borrow.
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foksipayne
March 21, 2008, 2:56 p.m.
I couldn't get a loan because I have NO credit. Well at least I don't have to go into debt to get a loan now...
(couldn't even get a trustworthy credit card with decent rates)
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mozzer
March 21, 2008, 3:45 p.m.
...and just in time to cawk block those with ARM increases!
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buckheadd
March 21, 2008, 9:25 p.m.
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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olegrady
May 28, 2008, 12:14 a.m.
Who needs their worthless loans anyways? Not worth the paper they're printed on.