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Looser lending standards will only benefit the rich

By tovarichpeter   2013 Sep 14, 3:20am   471 views   3 comments   watch (0)   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.

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1   APOCALYPSEFUCKisShostikovitch     2013 Sep 14, 5:46am  ↑ like (2)   ↓ dislike   quote    

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     2013 Sep 14, 6:06am  ↑ like   ↓ dislike   quote    

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

3   HydroCabron     2013 Sep 14, 6:52am  ↑ like   ↓ dislike   quote    

Tax cuts all around!

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