On Jul 10, 2010, at 12:25 PM, Jim Devine wrote: > FWIW, the idea of relationship banking ... the adverse > selection and moral hazard problems with loan markets.
My wife and I are in what we hope are the final days of a hellacious home escrow. All the loan and real estate folks point at changes since 911 as the root of the problem in the loan process. We, however, have the sense that the banks are trying desperately to prove they are most virgin of banks. Just as someone who gets a speeding ticket may well hold up traffic for a couple of weeks playing it safe, the banks seem to be proving to themselves that they didn't get caught with their greedy hands in the national cookie jar. It's led to surrealistic demands like bank-certified copies of blank pages in monthly statements. Very weird. And generally rude. Trickle down at work. Dan _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
