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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: 963083" data-attributes="member: 60724"><p>Hugh said: </p><p></p><p></p><p></p><p>Really? The title of the thread seems to say otherwise.</p><p></p><p></p><p></p><p>Hugh also said: </p><p></p><p></p><p></p><p>Yes, you are speculating. One can't with credibility speculate and repeatedly use the word "will", without qualification. It is more correct to say "may", or "is likely to."</p><p></p><p></p><p></p><p>Might these agencies and their actions cause an increase in subprime lending as compared to their inaction? Maybe. But even if that does happen, what is to say that those increased number of subprime loans will be bad loans to people who shouldn't get them? Some may, but most probably won't be... But even that is speculation... speculation on top of speculation.</p><p></p><p></p><p></p><p>Again, subprime loans do have a purpose, a place and a value for those that sell them and take them on responsibly.</p><p></p><p></p><p></p><p>So, even if we assume for a moment that these agencies actions actually do increase subprime lending... The question then becomes: So what?</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 963083, member: 60724"] Hugh said: Really? The title of the thread seems to say otherwise. Hugh also said: Yes, you are speculating. One can't with credibility speculate and repeatedly use the word "will", without qualification. It is more correct to say "may", or "is likely to." Might these agencies and their actions cause an increase in subprime lending as compared to their inaction? Maybe. But even if that does happen, what is to say that those increased number of subprime loans will be bad loans to people who shouldn't get them? Some may, but most probably won't be... But even that is speculation... speculation on top of speculation. Again, subprime loans do have a purpose, a place and a value for those that sell them and take them on responsibly. So, even if we assume for a moment that these agencies actions actually do increase subprime lending... The question then becomes: So what? 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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