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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (177024)	1/14/2009 1:16:13 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

We don't need to force the banks to lend We do NEED to stop giving them money though Free markets will eventually open up lending to those who want to borrow. You could always start a bank on your own. startabank.com

To: tejek who wrote (177024)	1/14/2009 3:22:08 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

The credit cycle dictates we go from easy to tight. What we're seeing now is normal and would be self-correcting had the government not panicked. But they did and now we all turn Japanese, with impaired institutions now incapable of cycling out of it. Bad debts must be realized. Until they are, nothing will improve. The process of realizing bad debts not only cleans balance sheets, it's a morality carwash for banksters, too. They purge their processes of flawed underwriting. Part of the price of that is "tightened lending standards". That's normal and should be welcomed. If there's some pain involved, well, who said life was painless?