Banks that lend money to customers with poor credit histories have to charge more to cover the extra risk. If Congress makes this impossible, banks will respond by refusing to lend to such customers, so that it will be harder for them to re-establish their creditworthiness.
Sunday, January 3
Banks charge more to cover extra risk
Congress solves the problem.... by creating another:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment