SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: TheStockFairy who wrote (148363)2/4/2002 2:31:21 PM
From: Petrol  Read Replies (1) | Respond to of 436258
 
Uh, the ACLU maybe?



To: TheStockFairy who wrote (148363)2/4/2002 2:39:43 PM
From: Tommaso  Respond to of 436258
 
Because it's illegal. "Redlining" was practiced in Chicago (and elsewhere), preventing minorities from getting mortgages in areas with declining property values.

As a person who once had to get past tough scrutiny for a mortgage, even though I had 40% of the purchase price in cash for a down payment, I am not too sympathetic with forcing banks to lower their standards for mortgages.

Something somewhat similiar was the city map on the wall of a local pizza place, with areas blocked off where no deliveries were to be made. This got them a lot of bad publicity, and the map came down. I don't know if the deliveries resumed to those areas or not.

These well-meaning government policies have probably added a lot to what are going to turn out to be nonperforming loans. But don't say that if you want to be elected, unless it's in a very strongly Republican district.



To: TheStockFairy who wrote (148363)2/4/2002 8:21:05 PM
From: Terry Maloney  Read Replies (1) | Respond to of 436258
 
SF, that's a politically incorrect question for the moment.

But we'll get there. <g>



To: TheStockFairy who wrote (148363)2/4/2002 8:49:11 PM
From: Les H  Read Replies (1) | Respond to of 436258
 
On our way to socializing the mortgage business ...

forbes.com

Banks and off-balance sheet liabilities

forbes.com

Japan

forbes.com

probably the most bearish issue of Forbes I've read