Will someone please explain why those who take undue risks get the most support? I’m not behind on my mortgage payment, I pay my bills on time yet I’m not getting any governmental support.
Troubled Homeowners: article
To qualify, borrowers would have to be at least three months behind on their home loans and [...]
Archive for the ‘Credit’ Category
22 Oct, 2008
Banks are lending — NOT
Posted by: gauntlett In: Bailout| Credit| Debt| Federal Reserve| Finance
The theory was beautiful (well in the abstract)…
Give troubled banks more credit and they will lend it out and the economy will stop its free-fall. Now, that sounds like utopia to me. Create credit and we will all be saved for unemployement, slowing production, decreased consumer spending, and rising interest rates.
HOLD ON… let’s put a [...]
GMAC is reducing the amount and number of loans they will be issuing. The best part is that they will only be issuing loans to people with a credit score above 700, who represent 58% of the population as stated in Bloomberg.
So, this just get more and more fun… Seems that the feedback cycle continues [...]
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- kerz: haeh heh! excellent. too late though! and it is a canard to pretend the republicans are deeply concerned. the rot is bipartisan.
- kerz: Like your comment. 2 sources of income: taxes and "quant easing" HA HA. so true.Imagine, a 3rd world country is liberalizing, while US having
- Dual Sim Mobile: nice post
About
The name is Trevor Gauntlett... I tend to like to question everything and don't like to take things at face value. There is always an alternative story to everything. My focus is the economy and finance with a desire for personal liberties and rights.
