General Discussion

House of Roberts

(6,462 posts)

5. Re: Loaning money

Sun Mar 29, 2015, 10:14 PM

Mar 2015

The practice of loaning money and then selling the obligation should also be outlawed. What incentive is there to make responsible loans if one can then sell the (possibly worthless) paper?

Banking should go back to being the boring, green-eyeshade business it used to be.

I'm so under-indebted I can't get credit. My ex-wife had to finance her half of the house to me (per our divorce) because I don't have a credit record. It's working out, I've almost got the thing paid off, because of advances she's needed.

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Central Banks Warn: Liquidity May Evaporate When Investors Finally Remove Blindfolds [View all] marmar Mar 2015 OP

The perverse incentives of big corporations House of Roberts Mar 2015 #1

The fact is, rates will eventually have to return to market control. That all but guarantees a snap Nuclear Unicorn Mar 2015 #2

Therefore, the bonds buyers are the losers, House of Roberts Mar 2015 #3

"the bonds buyers are the losers" Nuclear Unicorn Mar 2015 #4

Re: Loaning money House of Roberts Mar 2015 #5

"The practice of loaning money and then selling the obligation should also be outlawed." Nuclear Unicorn Mar 2015 #7

I think of it as financial hot potato game. dixiegrrrrl Mar 2015 #6

Wall Street has always been a 'hot potato game'. House of Roberts Mar 2015 #8