Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Media
New media
New comments
Search media
Members
Registered members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support Ford SportTrac Forum:
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="H D" data-source="post: 963041" data-attributes="member: 68494"><p>Yeah, you're probably right. This is no different than what caused the collapse in the first place. Banks aren't really interested in their survival, they're just racist. :banghead:</p><p></p><p></p><p></p><p>I don't care how you define "subprime." The interest rate is irrelevant. If you give a $100,000 loan to someone who cannot repay that, regardless of the interest rate, the loan is subprime. It doesn't make sense to make those kind of loans. If it appears to be racist, then maybe we should look at why there are so many "groups" that cannot repay home loans if they were to be given to them. Don't blame common sense banking on the lack of availability of loans to certain sections of cities. Get to the root of the problem. Throwing money (private money) at the problem won't fix it and created one heck of a problem. Please do not support such lunacy again.</p><p></p><p></p><p></p><p>Nobody can deny that the Obama administration is pushing subprime mortgages again. I clearly laid out in plain facts what is happening. Your changing of your personal definition of "subprime" does not change these facts.</p></blockquote><p></p>
[QUOTE="H D, post: 963041, member: 68494"] Yeah, you're probably right. This is no different than what caused the collapse in the first place. Banks aren't really interested in their survival, they're just racist. :banghead: I don't care how you define "subprime." The interest rate is irrelevant. If you give a $100,000 loan to someone who cannot repay that, regardless of the interest rate, the loan is subprime. It doesn't make sense to make those kind of loans. If it appears to be racist, then maybe we should look at why there are so many "groups" that cannot repay home loans if they were to be given to them. Don't blame common sense banking on the lack of availability of loans to certain sections of cities. Get to the root of the problem. Throwing money (private money) at the problem won't fix it and created one heck of a problem. Please do not support such lunacy again. Nobody can deny that the Obama administration is pushing subprime mortgages again. I clearly laid out in plain facts what is happening. Your changing of your personal definition of "subprime" does not change these facts. [/QUOTE]
Insert quotes…
Verification
Post reply
SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
Top