Archive for the ‘Uncategorized’ Category

Obama not a natural born citizen asked: Penny Pritzker, the Mother of subprime lenders, former owner of the seized Superior Bank is on Barack Obama’s short list for Secretary of Commerce.
I am sure all those customers she screwed are thrilled. She was a failed subprime lender who set the tone all the way back to [...]

Healthy Person asked: Currently in Ohio, the cap on payday loans is 391%.
In Ohio, Issue 5 on the ballot will put a cap on the interest rates to 28%.
Arguments against this bill suggest that this would make payday lending unprofitable, and therefore cease to exist.
Do you think that theory is true? How likely is it [...]

alwaysmoose asked: Would you call it pimping out or whoring out? Lets say my brother is really good at fixing stereos and I have a friend who really needs one fixed so he says he’ll give me something if I convince my brother to fix the stereo.
Am I pimping out my brother [...]

Mike S asked: I read the following in an article by George Will:
There has been too much risky lending to unqualified (”subprime”) borrowers, who were living riskily.
Corrections are necessary: When too much housing has been built, the market must clear the inventory. Corrections can be painful: Housing prices have declined.
Can someone elaborate on this for [...]

gangai asked: How do the losses for Citi due to subprime lending compare to some of the other industry giants; Goldman Sachs, Morgan Stanley, and even Bear Sterns? Do Citi more consumer based offerings diversify them enough to compete with these banks?

Rony Walker asked: Home loan lending used to be relatively simple. Lenders were so hungry for business they readily accepted no-down mortgages, interest-only loans, and E-Z refinancing for borrowers with bruised credit. Recently, however, a wave of bad loans wiped out small independent mortgage brokers, devastated bad-credit lenders, and prompted the industry itself to tighten [...]

Jason Roberts asked: Building your small business and helping it grow takes a lot of effort and more frequently a lot of money. More often than not the amount of money a small business needs in order to grow properly is difficult to obtain without help from outside sources, like loans. If your business is [...]

nazzz asked: What implications does the subprime lending have on the corporate, banking and insurance sector?

heartbroken asked: I’m just curious because I’m about to lend a computer game to my friend.

Ben W asked: The Bank of England has dropped its base rate. Why does this imply that banks should lend/borrow at lower rates? Does it mean they can lend/borrow at 3% from the bank of england?
Please don’t answer with ignorant anti bank rants.