Looser lending standards will only benefit the rich


By tovarichpeter   Follow   Sat, 14 Sep 2013, 10:20am   165 views   3 comments
In South San Francisco CA 94080   Watch (0)   Share   Quote   Permalink   Like   Dislike  

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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  1. APOCALYPSEFUCKisShostikovitch


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    1   12:46pm Sat 14 Sep 2013   Share   Quote   Permalink   Like (2)   Dislike  

    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.

  2. freak80


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    2   1:06pm Sat 14 Sep 2013   Share   Quote   Permalink   Like   Dislike  

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

  3. HydroCaBRon


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    3   1:52pm Sat 14 Sep 2013   Share   Quote   Permalink   Like   Dislike   Protected  

    Tax cuts all around!

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