Tuesday, June 10, 2008 1:55:30 PM
I just got a car loan & they would have loaned me up to 115% of the value
I bought a house recently at 100% of the LTV
And this is "now, after this subprime mess, risky lending, etc" so I would doubt a year ago it was hard for a company to get a loan for 550k when they have 13 mil in revs, right?
If Swartz had backed the loan with a guarantee, I seriously doubt it would have been that hard to do!
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