What you have stated sounds logical and I believe it. As long as someone is holding a fortified asset, why not loan money to them? I think most banks would. The problem cannot be linked to anything else but bad or depreciating assets. I think the rule should be that banks loan at the maximum, 70% of the true appraisal and only at a fixed rate. I don’t borrow money, so I don’t know much about it. I’m just letting common sense guide me.
