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Originally Posted by Cannon Shell
This isnt exactly true. The govt (which is to blame for much of the core banking problems via Fannie Mae and Freddy Mac and their support of the lending to unqualified groups and individuals for political reasons) has imposed draconian rules and regulations on banks and the banks simply are afraid of them and quite frankly as i was told by a banker this week, arent completely sure what the bank rgulators want. So they are being very cautious with lending and are imposing harsh terms on the consumer in order to be in compliance. Banks dont make money unless they lend.
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it was an article about banks here in arkansas. i have no idea if what they're seeing here is a nationwide phenomenon. i doubt they have lending here on a scale of what's really needed at this point anyway.