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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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<blockquote data-quote="H D" data-source="post: 963048" data-attributes="member: 68494"><p>Regulators are penalizing banks and telling them where they MUST put branches. They are telling banks that they MUST provide credit access. Inherently, these areas will require the loaning of subprime mortgages.</p><p></p><p></p><p></p><p>Does it have to specifically say within the article: "President Obama's administration asks banks to lend to people they know will not repay?" Or can we use a little deductive reasoning?</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>I hope the banks do shrink their operations rather than rebuild the shaky tower that already collapsed once.</p></blockquote><p></p>
[QUOTE="H D, post: 963048, member: 68494"] Regulators are penalizing banks and telling them where they MUST put branches. They are telling banks that they MUST provide credit access. Inherently, these areas will require the loaning of subprime mortgages. Does it have to specifically say within the article: "President Obama's administration asks banks to lend to people they know will not repay?" Or can we use a little deductive reasoning? I hope the banks do shrink their operations rather than rebuild the shaky tower that already collapsed once. [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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