Sub Prime lending is back... as Non Prime loans
vor 7 Jahren
That's right, Non Prime loans might be a new name, but it is the
same old problem Both private and government backed lenders have
been at it for a while. We have explored all the various ways bad
lending has been creeping back into the financial world. Sa
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Beschreibung
vor 7 Jahren
That's right, Non Prime loans might be a new name, but it is the
same old problem
Both private and government backed lenders have been at it for a
while. We have explored all the various ways bad lending has been
creeping back into the financial world. Sadly, it has been this
way for several years now. But now, we have reached a more
critical mass where the practice appears to be getting a more
common usage. This is not good. We are simply priming the lending
pump for another downturn and the market is ripe for it. Sub
prime loans or non prime loans end with the same
thing, a economic meltdown that is likely to dwarf what we saw in
2007.
same old problem
Both private and government backed lenders have been at it for a
while. We have explored all the various ways bad lending has been
creeping back into the financial world. Sadly, it has been this
way for several years now. But now, we have reached a more
critical mass where the practice appears to be getting a more
common usage. This is not good. We are simply priming the lending
pump for another downturn and the market is ripe for it. Sub
prime loans or non prime loans end with the same
thing, a economic meltdown that is likely to dwarf what we saw in
2007.
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