Forum: Briefing
Topic: cash loans
started by: Bitsearnene

Posted by Bitsearnene on Nov. 27 2007,08:36
hello guys!
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Bye!
Two < balance financial sample sheet statement > recent op-eds in the New York Times by and were written to warn us about the dastardly < public finance taxation > deeds of greedy mortgage and banking companies.  According to Herbert < 14th edition estate financing real residential > and Krugman, the lenders tricked people into taking loans out on their homes that they could not afford to pay back.  < public finance hyman > These are called sub-prime loans.  Both writers argue in < loan mortgage officer texas > favor of making it more difficult for people to get < finance financial modeling project > such a loan by increasing the regulations < ca citifinancial sweepstake > related to sub-prime loans.   You may b
e inclined < bad credit boat financing > to agree with these guys.  They're both smart people.  Surely < owner finance form > they wouldn't be urging us to do something < crown financial > incredibly stupid, would they?  The people who were "tricked" into < definition financial terms > sub-prime loans that they later could not afford to < countrywide financial > repay are "hapless victims", right? The banks and mortgage companies were surely "driven by greed".  Herbert says the marketing campaign by the banks was "If you can breathe, we'll give you a loan. " Those "high rolling" bastards.  How dare they make borrowing money so easy for the sub-prime borrower? Let's pass a law so Big Brother can make sure that never happens again.  Right?           A sub-prime loan is not a less-than-
perfect loan.  It's a loan made to a less-than-perfect borrower.And that's all!

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