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Loan Modification

: Mortgage Lender Implode-o-Meter

Another Reason Banks Aren't Lending: FDIC's Lotto

By Implode-Explode Heavy Industries

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"By spreading out the number of bank failures over many months, the FDIC gives that small percentage of well-capitalized banks a further reason not to lend as long as the weekly lotto continues. Remember, the reason these banks aren't in trouble in the first place is because they had prudent lending standards."

Full post as published by Mortgage Lender Implode-o-Meter on January 27, 2010 (boomark / email).

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