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Loan Modification

: Mortgage Lender Implode-o-Meter

Basel III: We Lost, The Banks Won

By Implode-Explode Heavy Industries

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"Basically, the banks can continue to do anything they want till 2013, and "just about" anything they want until 2019. Not that they'll be lending to "consumers", mind you, unless their governments force them to and/or make it very attractive (50+% credit card charges), and if anyone has anything adverse to say about that, their answer will be that they will need the money to comply with Basel III in 2019. Oh, the lovely irony."

Full post as published by Mortgage Lender Implode-o-Meter on September 14, 2010 (boomark / email).

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