Sorry, No Loan For You.

#2
#2
More of that wet blanket Steve Wynn was talking about. We're going too have to get some of these people out of the way if the country is going to recover at all. Seems to me they don't want it too. They talk about it then do something sneaky behind your backs. Two faced hypocrites running Washington.
 
#3
#3
can they still not make more off lending though? I understand risk but it seems 1-2% would be enough to take the chance
 
#5
#5
utvolpj said:
can they still not make more off lending though? I understand risk but it seems 1-2% would be enough to take the chance
Click to expand...

they can make more in net interest margin, but all are afraid of the regulators poo-pooing a new loan and making them write it down immediately, thus wiping out capital. It's much less risky to just take the free spread, let it cover operating costs and make margin on the loans already on the books. Doesn't work for growth and isn't long term, but it's a good way to ride out the storm.

To the point of the article, it's an enormous problem that won't go away until the program does.
 
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