Comments on: Obama and Bankers Meet Today, Bankers Give Good Lip Service

By: Yorick Reintjens

Yorick Reintjens — Wed, 01 Dec 2010 19:06:11 +0000

After a 60 Minutes interview with President Obama in which he referred to bankers as “fat cats” - http://bit.ly/e95sZg

By: Benn Rosales

Benn Rosales — Thu, 17 Dec 2009 02:03:30 +0000

Apparently, sarcasm is lost on you. Carry on..

By: Jeff

Jeff — Thu, 17 Dec 2009 01:23:07 +0000

The question remains, if Bank Of America will hold true to it’s commitment to increasing lending in the coming year up to $5 billion dollars. While it won’t do much. it is still something, and other large banks should follow suit.

By: Bob Wilson

Bob Wilson — Thu, 17 Dec 2009 00:09:23 +0000

I wish I could have been there, or at least outside, where I could have handed to every reporter and news agency a flyer showing how the Feds via the FDIC are giving these very same banks what amounts to a premium to take over the paper of failed banks, and the guarantees that incentivize them to foreclose instead of negotiate a short sale.

The Feds are still paying the banks. We will not make a net profit on TARP at the end of the day.

By: Lani Rosales

Lani Rosales — Wed, 16 Dec 2009 23:07:49 +0000

Fine, don’t feel an obligation and FINE, don’t give a crap about anyone outside of your ivory tower but for the love of gravy, don’t go on a press tour talking about how you and Obama are sittin’ in a tree and how Obama is so wonderful and you’re taking his advice to focus on small business loans, then quietly sneak off to PBS and say that you don’t care to be the solution you promised the President and America you would be and cause change, rather you’ll wait for change to come around and you’ll be the effect. LAME.

By: Portland Condo Auctions

Portland Condo Auctions — Wed, 16 Dec 2009 23:02:35 +0000

Thats what I heard from him too. That they are not going to help until they are assured that its in their best interest. It does not matter that the taxpayers bailed them out, they are still only looking out for themselves and they do not feel that they owe a debt back to us.

-Tyler

By: Mike

Mike — Wed, 16 Dec 2009 12:04:21 +0000

Having to make a payment is not “skin”, it’s servicing your loan. Skin is a down payment. If a payment was “skin”, then why are so many defaulting? I think 5% is doable. If a buyer can’t save 5%, then I question their money management skills, and the home was not really much of a priority unless they could get in witrh little down payment. Lower lending standards is what got us to this point, let us not repeat history.

By: Benn Rosales

Benn Rosales — Tue, 15 Dec 2009 23:25:23 +0000

To most first home buyers I’ve ever worked with, 1,2,3% is skin, 10% is life – to most, just making that payment is skin. heh

By: Mike

Mike — Tue, 15 Dec 2009 23:20:52 +0000

In most cases, the banks were not “given” the money. They have to pay it back. Most are. By the Presidents own admission, the taxpayers will “make” money on the short term loans. We will most certainly lose on AIG and GM, but gain on many of the others. Also, do we want tighter lending criteria, or not? Many of these home buyers and small businesses were credit worthy by the old standards, but are not now. FHA may soon require a 5% DP, and on November 11th on CNBC, Realogy CEO and Preident Richard Smith recomended 10%. That’s too high IMHO, but we do need to get back to buyers having some immediate skin in the game.

By: Missy Caulk

Missy Caulk — Tue, 15 Dec 2009 16:26:19 +0000

More smoke and mirrors….

By: Top 10 real estate posts of the day for 12/15/2009 : Tempe real estate and free home search

Tue, 15 Dec 2009 15:33:57 +0000

[...] Obama and Bankers Meet Today, Bankers Give Good Lip Service – Obama wants the bankers to loosen the strings on small business loans to help spur the economy, [...]

By: RealEstate Babble

RealEstate Babble — Tue, 15 Dec 2009 11:50:59 +0000

AgentGenius: Obama and Bankers Meet Today, Bankers Give Good Lip Service http://bit.ly/5ttmMA Full http://bit.ly/5JD6uD

By: Real Estate Feeds

Real Estate Feeds — Tue, 15 Dec 2009 11:14:37 +0000

Obama and Bankers Meet Today, Bankers Give Good Lip Service: Meeting at the White House After a 60 Minutes intervie... http://bit.ly/71nYnX

By: kristin terry

kristin terry — Tue, 15 Dec 2009 10:59:15 +0000

Obama and Bankers Meet Today, Bankers Give Good Lip Service: Meeting at the White House After a 60 Minutes inte.. http://bit.ly/6h98gR

By: David Gibbons

David Gibbons — Tue, 15 Dec 2009 10:54:06 +0000

RT @LaniAR: you can love or hate Obama but the bankers really suck. period. they piss me off the most: http://is.gd/5o4zc [Damn straight]

By: Ryan Lee Cox

Ryan Lee Cox — Tue, 15 Dec 2009 10:53:31 +0000

RT @LaniAR: you can love or hate Obama but the bankers really suck. period. they piss me off the most: http://is.gd/5o4zc

By: Randy Hooker

Randy Hooker — Tue, 15 Dec 2009 10:50:44 +0000

RT @LaniAR: you can love or hate Obama but the bankers really suck. period. they piss me off the most: http://is.gd/5o4zc [Amen, sister!]

By: John Wake

John Wake — Tue, 15 Dec 2009 06:29:55 +0000

If Obama wanted the furniture, he should have put that in the offer.

By: Benn Rosales

Benn Rosales — Tue, 15 Dec 2009 06:14:13 +0000

December 2009 D-bag awarded to Richard Davis, CEO of U.S. Bancorp (USB)

By: BawldGuy

BawldGuy — Tue, 15 Dec 2009 05:34:39 +0000

Classic is as classic does. You’d think they could afford better writers at this point.