Well, the lending industry is failing another one of lifes little inteligence tests. Just when you thought they would have gotten some smarts on the heals of really dumb decisions vis a vi the subprime fiasco, they make the same idiotic mistakes, in the opposite direction. This time, they are restricting the ability of real estate investors to purchase properties. If they had a good reason, that would be fine. However, their reasoning now is as adlbrained as the logic that let them fund so many subprime loans in the first place. Listen to the whole show for the rundown.
Well, the lending industry is failing another one of lifes little inteligence tests. Just when you thought they would have gotten some smarts on the heals of really dumb decisions vis a vi the subprime fiasco, they make the same idiotic mistakes, in the opposite direction. This time, they are restricting the ability of real estate investors to purchase properties. If they had a good reason, that would be fine. However, their reasoning now is as adlbrained as the logic that let them fund so many subprime loans in the first place. Listen to the whole show for the rundown.
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