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….