Obama pressing bank to ease up on lending guidelines..
Obama urges banks to find ways to increase lending – Yahoo! News.
Well, this is a positive turn. I am glad to see Obama is trying to push banks to actually lend money. I do think that is essential to maintaining or spurring our recovery.. Do I think this will have an effect on Utah Realestate? I think the Utah Realestate market would benefit from the banking industry loosening their grip on their money.. I think it is very important to keep their guidelines on who they loan money to in check, but if someone is qualified and can prove it “give them the money.” I am so tired of genuinely qualified individuals not being able to get a loan. One of these days banks will realize they are not making any money, because they are not lending it out.. What an idea?
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