Who’s this Wall street guy and who appointed him to warn us about anything?
Did Wall Street warn us about pumping 100’s of billions of dollars into TARP relief?
Banks should be bending over backwards to help fix the mortgage lending crisis. It’s better to get 65% of your money back then 20% — oh, that’s right, they think the tax payers should foot that bill because they’re too big to fail.
“Banks should be bending over backwards to help fix the mortgage lending crisis. It’s better to get 65% of your money back then 20% “
So we should politicize the process with local politicians beholden to the local electorate intruding on the contractual agreements made with national banks and investors so they can win favor with their electorate.Should you live in such a local jurisdiction, do you not think any bank with sense will not raise the level of mortgage rates in that jurisdiction to compensate for such onerous intrusion and perhaps redline the entire area refusing all future loans in the jurisdiction. I sure would if I did not want to guarantee loan losses in the loan portfolio.