Posted on 10/16/2023 9:58:40 PM PDT by SeekAndFind
Janet Re No did the same thing with mortgage applications from “people of color”. And that brought us The Great Recession of 2008.
Biden Admin Orders Banks
In his mind he has a crown on his head.
And yet they do it.
pure insanity.
is the big guy getting 10%?
All true but to think he is even in charge of anything stretches reality. He can't even find his way off stage after trying to read a statement.
2007-8 all over again; loaning money to people who can’t repay is a recipe for disaster.
That’s what tyrants do.
“All true but to think he is even in charge of anything stretches reality. He can’t even find his way off stage after trying to read a statement.”
I am in the minority. I think aside from the obvious old age issues much of it is an act. After all. He is gentle sweet Uncle Joe. So he fumbles around once in a while but he’s just like old grampa who really cares. Behind closed doors (if reports are to be believed) he is a vicious angry bully calling the shots. Not that he has any core beliefs. He is pushing the issue in front of his chomo child sniffing nose as long as it hurts someone and damages America. He wants to be “the cool kid” just like Obama.
It’ll be way worse.
I can’t wrap my mind around how bad, but I’m thinking medieval bad.
A fifth column has taken over our once-great country.
Banks are regulated by the fedgov.
When the fedgov is corrupt, they do have a crown and can order banks to what ever they want.
07-08 Was a horrible time due to this action.
A friend of mine was in the title insurance business. Big company. The company laid off a lot of people due to the lack of business.
Forcing banks to operate outside of their best interests create a bad ripple effect in the economy.
That’s a unique idea. Wonder how it would end.
The Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) said in a recent statement that rejecting illegal immigrants for credit cards and various types of loans just because they are noncitizens is unlawful. …
Credit cards are one thing, but being able to cross into a country with a vehicle used as collateral and staying in your country of citizenship is quite another. Maybe I’m just negative, but what would keep this type of thing from developing into an organized criminal racket, illegal alien finances car, disappears into Mexico. Cartel pays them, then puts the car into a chop shop never to be seen again.
You mean it’s not a racket already?
Banks are regulated by the fedgov.
Well they better do something they are folding by the day PPM piss poor management.
This is a recipe for 2008 all over again. Bad loans, banks in jeopardy.
Illegals don’t have to follow the law, why do I have to?
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