They are just raising rates to a ridiculous price to avoid having to say, “we are not loaning any money for the moment.” Once the secondary market unfreezes, rates will go back down. They will in the mean time take deals at ridiculous spreads, because like Arthur said, “I’m not stupid, I took the money.”
There is so much emotion in here that results in one over-reaction after another. I had been debating leaving due to the overly negative forum this has become, but maybe I will take on the challenge of trying to be the one contra voice in here.
