Looser lending standards will only benefit the rich

By tovarichpeter   follow   Sat, 14 Sep 2013, 3:20am PDT   ↑ Like   ↓ Dislike   338 views   3 comments   Watch (0)   Share   Quote  

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.

#housing

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APOCALYPSEFUCKisShostikovitch   befriend (27)   ignore (33)   Sat, 14 Sep 2013, 5:46am PDT   Like (2)   Dislike     Share   Quote   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   befriend (0)   ignore (6)   Sat, 14 Sep 2013, 6:06am PDT   Like   Dislike     Share   Quote   Comment 2

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

HydroCabron   befriend (0)   ignore (2)   Sat, 14 Sep 2013, 6:52am PDT   Like   Dislike     Share   Quote   Comment 3

Tax cuts all around!

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