Banks are feeling ok to let these with spotty credit, borrow once more. The identical practices that acquired us right into a monetary disaster are making their return. According to the New York Times, Capital One and GM Financial are a few of the firms which might be attempting to woo troubled debtors. HSBC and JP Morgan Chase are in the meantime reportedly tiptoeing again into subprime lending. Richard Eskow with Campaign For America’s Future weighs in.
Leave a Reply