Quote:
Originally Posted by Skyman 08
I heard on the radio this morning that Paulsen has said they have now made it easier for people to get new loans... isn't that what got us into this mess in the first plase? making it too easy to get loans???
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In what context was he referring to?
Right now, loans are difficult to get as banks are hoarding money out of fear, and raising loan requirements drastically (credit score, etc). That's part of the problem the Big Three are having right now.
If they've finally managed to free some of these loans up...then that's good news.