Perhaps Jesse can lend money.
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'We' can't 'allow' banks to operate freely? Hubris much? Wasn't interference with this exact reasoning why we had the crash in 2008?
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Unless its his money of course !! He obviously hasnt read Atlas Shrugged
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yes they can there not giving loans to people who don't have the means to pay it back.Just like selling homes to people who couldn't afford them led to a problem with the banks and mortgage companies.They had to be bailed out
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Banks are private companies If you mentioned loan. The problem is. Why do people still borrow? Values are absured when compared with other countries
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IMO: A BUBBLE WAITING TO BURST. More Bailouts. Bad Idea.
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If state mandates all you get token lending & so much litigation & song & dance! Did Equal employment opportunity laws improve minority employment? No! Improved Lawyers' incomes! Love must come from within! Not from state!
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Why not. It’s their money.
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Wouldn’t banks have a fiduciary responsibility not to make loans on substandard projects? Or does that not matter now?
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I have two friends, one is in and out of jobs and is always broke, terrible with money and tents in a questionable area. The second friend has a steady job, good with finances, owns home in nice area. Both ask to borrow money for an investment,
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Force banks to make bad loans again and fuel a new massive bubble... Sounds responsible!
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Dumb question: Why not? Are other banks prohibited from considering loans in the redlined areas?
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Might suggest they lend money to people who will pay it back? Otherwise it's just another welfare industry.
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