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A particularly striking analysis in 2006 by the National Community Reinvestment Coalition found that nearly 55 percent of loans to African-Americans, 40 percent of loans to Hispanics and 35 percent of loans to American Indians fell into …
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A particularly striking analysis in 2006 by the National Community Reinvestment Coalition found that nearly 55 percent of loans to African-Americans, 40 percent of loans to Hispanics and 35 percent of loans to American Indians fell into …
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Definitely agree with your general assessment of letting them fail . The original $700B bailout was to help move credit markets (though the gov should’ve also guaranteed x-amount in loans from foreign investors), but this is a whole …
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Bank B fails . Bank C, in Ireland, has loans out to Bank B from way, way back (like, August) when no one knew Bank B was totally fucked. Now, Bank C is in deep, deep trouble, ’cause it had alot of money it was owed by the now defunct …
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Many reasons why banks have failed is because they have given out loans to well-meaning families who have attempted to “beat the system” and buy a house they could not afford in hopes of turning (flipping) the house in a year or two in …
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This all goes back to what I’ve said before, we must let people fail . That includes banks and borrowers who took out loans they couldn’t pay back. If we don’t let people fail , they’ll never learn, this whole darn thing will happen all …
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Almost everyone has by now said what he/she thinks about the Bush administration’s bailout plan, ie injection of $700 billion into the economy in a way of buying up bad loans. I was pleasantly surprised, when the congress did not pass …
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