Biden regime continues to "spread the wealth"

[AndyLate]

People are already paying higher rates to offset risky borrowers. Banks are not charitable institutions.

Andy

[SomeOtherGuy]

People are already paying higher rates to offset risky borrowers. Banks are not charitable institutions.

Andy

Unsure what your angle is, but either way: banks are profit seeking and risk-averse. Absent government interference, they will offer more loans at better terms to people who are more credit-worthy, and fewer or no loans to people who are risky. You know, pretty much how it always worked prior to Obama's term, and how it still mostly worked until the pandemic-inspired range of BS and the installation of Biden.

This Biden-regime rule seeks to flip the table so deserving people are screwed.

[SomeOtherGuy]

bump-fire

[LoboTBL]

Lawyers got to eat too.

Hey now. It's only a small percentage of lawyers that are given a bad rep by the rest!

[ChattanoogaPhil]

What next... increase auto insurance premiums on those with good driving records and lower premiums for those with poor driving records? Discount for accidents and drunk driving tickets?

[AndyLate]

Unsure what your angle is, but either way: banks are profit seeking and risk-averse. Absent government interference, they will offer more loans at better terms to people who are more credit-worthy, and fewer or no loans to people who are risky. You know, pretty much how it always worked prior to Obama's term, and how it still mostly worked until the pandemic-inspired range of BS and the installation of Biden.

This Biden-regime rule seeks to flip the table so deserving people are screwed.

My angle(?) is that "good" borrowers are already being penalized, just like good drivers pay part of the cost of insuring bad drivers. The USG guarantees loans to the point that inequity is a BS argument. Biden's regime is full throttle destroying the US and 1/2 of the country is so stupid they think its progress.

Andy