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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="Thomas Rogers" data-source="post: 963073" data-attributes="member: 60724"><p>Hugh,</p><p></p><p></p><p></p><p>Your questions 3, 4, 5 above and your assumption that all are answered in the affirmative are just that... Assumptions.</p><p></p><p></p><p></p><p>You seem to assume that these agencies will bully lenders into giving bad, subprime loans to people that can't afford them in these poor areas. There is simply no way to prove those assumptions. You are speculating on what might happen.</p><p></p><p></p><p></p><p>I find it unlikely that any bank or lender will be coerced into giving bad loans, and I certainly don't see that what is being described in this article as such coercion with the motive you state.</p><p></p><p></p><p></p><p>Greed was the gun put to lenders heads before...</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 963073, member: 60724"] Hugh, Your questions 3, 4, 5 above and your assumption that all are answered in the affirmative are just that... Assumptions. You seem to assume that these agencies will bully lenders into giving bad, subprime loans to people that can't afford them in these poor areas. There is simply no way to prove those assumptions. You are speculating on what might happen. I find it unlikely that any bank or lender will be coerced into giving bad loans, and I certainly don't see that what is being described in this article as such coercion with the motive you state. Greed was the gun put to lenders heads before... TJR [/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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