Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: bpjam
Unless you are an A+ borrower and putting down a very sizeable downpayment don’t bother trying to get a loan

But the banks could solve it tomorrow and that is the idea of the Treasury/Fed forcing the banks to borrow money from the Fed and put it out on the street (or else....).

So you want the banks to be forced to lend taxpayers money to people without good credit and a sizeable down payment. You do understand, don't you, that this is exactly what caused the financial crisis in the first place?

5 posted on 10/29/2008 9:16:55 PM PDT by Prokopton
[ Post Reply | Private Reply | To 4 | View Replies ]


To: Prokopton

That’s thinking like the banks. All of a sudden, EVERYone has bad credit and is not worth lending to, despite the fact that 95% of us pay our bills on time.


12 posted on 10/29/2008 9:48:02 PM PDT by Citizen of the Savage Nation
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson