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To: Son House
I had a conversation with a commerical banker off the record and they noted...

* They are afraid to make loans for fear of getting gigged by what has not been filled in the regulation boxes W/ D-Frank.
* Business they know? sure, they will loan money to them, new start up? don't bother, go to the VC guys...
* Repeal D-Frank? don't look for a Romney recovery ASAP, In their humble opinion it will take 3 years to unwine D-Frank and folks will still be scared of it...
* Hated Credit Unions, CRDA doesn't apply to them and feels the playing field is not level. They wouldn't make loan's via the CDRA if they weren't mandated too. Never sees it being repealed, political suicide....

Welcome to the FUBARing of America...

5 posted on 09/09/2012 12:29:25 PM PDT by taildragger (( Palin / Mulally 2012 ))
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To: taildragger

Anything with Barney Franks name on it, is as fudged up as Barney’s sex life.

What a dolt.


6 posted on 09/09/2012 1:10:25 PM PDT by Venturer
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