Seeking Alpha

jack kreg » Comments » Single Comment |

  • The Need for a New Approach to Regulation [View article]
    "belief in free market ideologies",
    what is free about telling Freddie and Fannie to back/guarantee home loans to unqualified borrowers, that is low or zero down payment and no verified income. Without these guarantees, what bank would have made these loans and kept it on its books!!
    In a really free market, the gov would not back home loans to unqualified borrowers and banks would only make loans to qualified borrowers, with reasonable down payments and verifiable incomes.
    That free market is alive a well in a closet in the USA.
    Hopefully, we have stopped making loans to unqualified borrowers.
    Nov 10 16:43 pm |Rating: 0 0
All Comments by jack kreg »
Comments by Ticker
AAPL, ABB, ABK, ABT, ACAS, ADM, AEE, AEP, AGG, AGQNF.PK, AIG, AMAT, AMGN, AMSC, AMZN, APC, APD, APVNF.PK, ARD, AREX, AYE, AZN, BAC, BAM, BBBY, BBEP, BBY, BCS, BGC, BGR, BK, BKH, BP, BPL, BRLXF.PK, BWP, C, CAL, CAMCF.PK, CAT, CCC, CCTYQ.PK, CEG, CEW, CFC, CFW, CHDVF.PK, CHK, CHKE, CHP,
jack kreg's
Comments Stats
171 comments
Rating: 156 (267 - 111 )