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Looser lending standards will only benefit the rich


By tovarichpeter   Follow   Sat, 14 Sep 2013, 3:20am PDT   228 views   3 comments
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http://finance.fortune.cnn.com/2013/09/13/lending-mortgages-banks/?iid=HP_River

After years of tighter lending standards, U.S. lenders are turning on the credit spigot again. This comes as banks try to compete harder for customers, given that the spike in borrowing costs has quickly shrunken the lucrative market for home refinancing.

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APOCALYPSEFUCKisShostikovitch   Sat, 14 Sep 2013, 5:46am PDT   Share   Quote   Permalink   Like (2)   Dislike     Comment 1

You write that headline as if there is anything wrong with that. This is the way a modern economy works. And the only way that it can work. Everyone knows that.

freak80   Sat, 14 Sep 2013, 6:06am PDT   Share   Quote   Permalink   Like   Dislike     Comment 2

Giving the ultra rich even more money and power will benefit everyone!

HydroCabron   Sat, 14 Sep 2013, 6:52am PDT   Share   Quote   Permalink   Like   Dislike     Comment 3

Tax cuts all around!

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