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Monday, November 08, 2010 5:22:27 PM
I think buy buying bonds, they are keeping rates low; for the people who qualify. I think the fed may be saying, don't just lend to anyone or you will have the same mess again.
So they want the banks to lend with some discretion this time.
Unfortunately, even good solid people got hurt. Looking at a persons credit score doesn't mean anything anymore because anyone who tried to do a loan mod had their credit score screwed up.
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