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Then you will know the truth, and the truth will set you free. (JN 8:32)
"Lenders have money to lend-what they lack is confidence in borrowers’ ability or willingness to repay." You forgot one other worry - whether borrowers' will legally be required to repay. Obama, Frank, et al. are surely looking to alleviate the "unfairness" of borrowers (not all borrowers, just those in certain favored groups) having to actually repay debt to "predatory" lenders. Of course, i...more
"Lenders have money to lend-what they lack is confidence in borrowers’ ability or willingness to repay." You forgot one other worry - whether borrowers' will legally be required to repay. Obama, Frank, et al. are surely looking to alleviate the "unfairness" of borrowers (not all borrowers, just those in certain favored groups) having to actually repay debt to "predatory" lenders. Of course, it was the likes of Obama, Frank, et al. who forced these lenders to make the loans but, no matter, being a leftist is never having to admit your mistakes and always having free rein to commit more.less
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