What's the problem? Credit crunch or wall street too heavily debted next to cast-offs mortgage related investments?
Lets have the bright minds of this country solve the problem that effects most of us ordinary inhabitants. $700 billion dollars will help wall street but says nought directly about the credit crunch conditions. However if the problem being address is determined to be the credit crunch then most likely the solution would come within the form of addressing or solving the credit crunch problem.
Personally I think wall street is behave like a child who is denied candy. If wall street does not get the bail out later the country will suffer from the credit crunch.
If banks don't lend then the bank have no business being within the banking business.
Congress needs to force bank to lend when the borrower's background checks out legitimately. This is the more direct approach to the problem: credit crunch. Wall street needs to adopt responsibility and be accountable for the reckless decree making.
"> If I have the info correct, it seems resembling mortgage companies actually sell mortgages again and again over and over until the actual mortgage really isn't worth a in one piece lot. So that's why our economy and dollar aren't worth a hoot right now. The actual tabloid note is say 100K but the house have depreciated value and so - something like that? Maybe someone else will chime surrounded by with more "educated" information lol. I'm just study this stuff myself.
And yeah - the banks are childish and there should be a aim on how many times they can sell these mortgages to another company. I am most faultless that the band-aid fix of fake paper money will not work. It will with the sole purpose make our assets and dollar worth less.
Related Questions:
What should my credit chalk up be to acquire a mortgage?
700 or better There is no answer to your sound out as every mortgage lender has their own policy. Depend on the down payment percentage you can come up with. Also depends on your assets, liability, income, and expenses. Still, a...
Personally I think wall street is behave like a child who is denied candy. If wall street does not get the bail out later the country will suffer from the credit crunch.
If banks don't lend then the bank have no business being within the banking business.
Congress needs to force bank to lend when the borrower's background checks out legitimately. This is the more direct approach to the problem: credit crunch. Wall street needs to adopt responsibility and be accountable for the reckless decree making.
"> If I have the info correct, it seems resembling mortgage companies actually sell mortgages again and again over and over until the actual mortgage really isn't worth a in one piece lot. So that's why our economy and dollar aren't worth a hoot right now. The actual tabloid note is say 100K but the house have depreciated value and so - something like that? Maybe someone else will chime surrounded by with more "educated" information lol. I'm just study this stuff myself.
And yeah - the banks are childish and there should be a aim on how many times they can sell these mortgages to another company. I am most faultless that the band-aid fix of fake paper money will not work. It will with the sole purpose make our assets and dollar worth less.
Related Questions:
What should my credit chalk up be to acquire a mortgage?
700 or better There is no answer to your sound out as every mortgage lender has their own policy. Depend on the down payment percentage you can come up with. Also depends on your assets, liability, income, and expenses. Still, a...