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| quote: | Originally posted by pkcRAISTLIN
don't blame the institutions, blame the ignorant consumers. |
LOL, the consumers!? Who are the experts???? There's something called a credit report, and not many people look at it. Institutions have access to that and more. It's as easy as saying, "No, you're credit is too low for the terms of the loan." I should know, I hear it EVERYDAY. Perhaps that why my institution that I work for didn't have ANY subprime related writeoffs. The only difficulty we have is the consumer has oil, dollar, and credit pressure cutting into their spending. That, and basically the rest of the economy is being dragged through the mud...
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