Julio E. Sune Jr. (FL)
Senior Member
- Joined
- Jan 16, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Florida
Source: USA Today...[Money Section]
Date: July 14, 1998
Problem Loans: "Unsettling" number of banks are risking trouble by relaxing lending standards, the nation's top banking regulator warned Monday. "The problems we are seeing in the banking industry today are serious", acting Comptroller of the Currency Julie Williams said. "They could presage the same kind of problems that afflicted the industry nearly a decade ago". Many banks were besieged by bad loans during the late 1980's, creating a crisis that led to bank failures and goverment bailouts.
Sort of Deja Vu......isn't it??????
Was something learned during the past 20 years???
I think not...
Will something change????
Looks like "greed" again will prevail.....
Date: July 14, 1998
Problem Loans: "Unsettling" number of banks are risking trouble by relaxing lending standards, the nation's top banking regulator warned Monday. "The problems we are seeing in the banking industry today are serious", acting Comptroller of the Currency Julie Williams said. "They could presage the same kind of problems that afflicted the industry nearly a decade ago". Many banks were besieged by bad loans during the late 1980's, creating a crisis that led to bank failures and goverment bailouts.
Sort of Deja Vu......isn't it??????
Was something learned during the past 20 years???
I think not...
Will something change????
Looks like "greed" again will prevail.....