How did sub-prime lending hurt the economy?
Sub-prime lending resulted in many banks receiving federal aid. To pay for this the government took several loans from itself, weakening the value of the dollar. How does that harm the economy?
Since the banks are not lending the money they were given, should that money be returned and?
The government do what it should have done in the first place?
AIG Insurance stopped insuring loans, this is what stopped the economy, The Government should let AIG fail and then step in and start selling the same insurance as AIG did and everything will go right back to normal.
The problem was AIG not selling insurance, not the banks didn’t have the money to loan! Bush FUXXED US AGAIN!
Should banks be lending just because a politician tells them to?
Investor’s Business Daily: "The White House thinks it can jawbone banks into lending to people they don’t want to lend to. We’ve been down this road before, and it led all the way to the 2007 financial meltdown. The president on Monday gave a tongue-lashing to the ‘fat-cat bankers on Wall Street,’ as he called them the day before. He wants them to make more loans to small businesses and consumers to give the economy a boost. We tried this before. Indeed, it’s the very source of the financial and economic calamity of the past two years."
Peter Schiff Video Blog 6-23-09 The Dollar, The Fed, Condo Lending, Inflation
So…now that creditors are only lending money to those that qualify, does that mean economy is back at start?
Has our economy come full circle to end up where it started? And if so, how is that a loss?
President Obama Announces New Small Business Lending Initiatives
Why is the US Govt lending billions of $ to bankrupt corporations like AIG?
Why can’t the government screw AIG and lend them {content} and instead put the billions of dollars into free Welfare distributions to help starving poor Americans on the street?
Instead of using it on a financial institution?
It’s a risky government investment. If AIG went bankrupt now and it’s not due to some extraordinary loss situation, then how would any loan save them from the hole they’re already in?
fund a yurt peer to peer lending
How does Subprime lending negatively effect the economy?
I am writing a research paper in my macroeconomics class. I had to pick a current event and Subprime lending is it. I am not asking you to write my paper, I just need some help getting started I cant find any information on this topic. Please list where your info comes from. Thanks in advance!!
What banks have money and are lending for home loans right now?
I have a FICO score of 725 so I’m thinking if I find the right bank I could still get a home loan even in this economy, but which banks should I apply at first? I live in Northern California and want a fixed rate loan.
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