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  • May 6, 2009 at 10:12 AM #15614
    donaldduckmoore
    Participant

    Banks helped create this economic crisis and yet they become one of the big obstacles to our economic recovery, see link below. Once again, are private banks any good for us?

    http://www.chron.com/disp/story.mpl/business/6407158.html?ref=patrick.net

    May 6, 2009 at 1:46 PM #393912
    ucodegen
    Participant

    Ok.. let me see here.

    The banks are bad when they have credit standards that are too loose.. loaning to people that don’t have a reasonable chance of paying off the loan.

    and banks are bad when they then decide to tighten credit standards.. and not loan to people who don’t have a reasonable chance of paying off the loan.

    My suggestion: Make up your mind!!!

    May 6, 2009 at 1:46 PM #394171
    ucodegen
    Participant

    Ok.. let me see here.

    The banks are bad when they have credit standards that are too loose.. loaning to people that don’t have a reasonable chance of paying off the loan.

    and banks are bad when they then decide to tighten credit standards.. and not loan to people who don’t have a reasonable chance of paying off the loan.

    My suggestion: Make up your mind!!!

    May 6, 2009 at 1:46 PM #394387
    ucodegen
    Participant

    Ok.. let me see here.

    The banks are bad when they have credit standards that are too loose.. loaning to people that don’t have a reasonable chance of paying off the loan.

    and banks are bad when they then decide to tighten credit standards.. and not loan to people who don’t have a reasonable chance of paying off the loan.

    My suggestion: Make up your mind!!!

    May 6, 2009 at 1:46 PM #394441
    ucodegen
    Participant

    Ok.. let me see here.

    The banks are bad when they have credit standards that are too loose.. loaning to people that don’t have a reasonable chance of paying off the loan.

    and banks are bad when they then decide to tighten credit standards.. and not loan to people who don’t have a reasonable chance of paying off the loan.

    My suggestion: Make up your mind!!!

    May 6, 2009 at 1:46 PM #394583
    ucodegen
    Participant

    Ok.. let me see here.

    The banks are bad when they have credit standards that are too loose.. loaning to people that don’t have a reasonable chance of paying off the loan.

    and banks are bad when they then decide to tighten credit standards.. and not loan to people who don’t have a reasonable chance of paying off the loan.

    My suggestion: Make up your mind!!!

    May 6, 2009 at 3:45 PM #393966
    DoJC
    Participant

    And what would be the alternative? Do you actually think that government run institutions would be better?

    Weren’t Fannie/Freddie/Indy one of the first entities to encounter massive problems? How did these GSEs fare?

    May 6, 2009 at 3:45 PM #394227
    DoJC
    Participant

    And what would be the alternative? Do you actually think that government run institutions would be better?

    Weren’t Fannie/Freddie/Indy one of the first entities to encounter massive problems? How did these GSEs fare?

    May 6, 2009 at 3:45 PM #394443
    DoJC
    Participant

    And what would be the alternative? Do you actually think that government run institutions would be better?

    Weren’t Fannie/Freddie/Indy one of the first entities to encounter massive problems? How did these GSEs fare?

    May 6, 2009 at 3:45 PM #394497
    DoJC
    Participant

    And what would be the alternative? Do you actually think that government run institutions would be better?

    Weren’t Fannie/Freddie/Indy one of the first entities to encounter massive problems? How did these GSEs fare?

    May 6, 2009 at 3:45 PM #394637
    DoJC
    Participant

    And what would be the alternative? Do you actually think that government run institutions would be better?

    Weren’t Fannie/Freddie/Indy one of the first entities to encounter massive problems? How did these GSEs fare?

    May 6, 2009 at 3:51 PM #393976
    ibjames
    Participant

    well.. the thought would be that a standard would be created that couldn’t be deviated from.. IE: 20% down and credit score is used, mirror for fogging is thrown away

    May 6, 2009 at 3:51 PM #394237
    ibjames
    Participant

    well.. the thought would be that a standard would be created that couldn’t be deviated from.. IE: 20% down and credit score is used, mirror for fogging is thrown away

    May 6, 2009 at 3:51 PM #394453
    ibjames
    Participant

    well.. the thought would be that a standard would be created that couldn’t be deviated from.. IE: 20% down and credit score is used, mirror for fogging is thrown away

    May 6, 2009 at 3:51 PM #394507
    ibjames
    Participant

    well.. the thought would be that a standard would be created that couldn’t be deviated from.. IE: 20% down and credit score is used, mirror for fogging is thrown away

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