Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 1361750, member: 3011&quot;]I don&#039;t think there is any evidence that your assumptions are true.&nbsp; More likely is that banks will tighten their underwriting standards and stop lending to people who can&#039;t pay.&nbsp; Interest rates aren&#039;t going to 15% on mortgages or student loans because there wouldn&#039;t be any.&nbsp; And if the banks abandoned those huge markets, a lot of them would have to shrink substantially or close, and none will be willing to do that.&nbsp; As long as there is a free market, there will be loans available at prices that good credit risks can afford.&nbsp; If student loan standards are increased, you may even see colleges cut tuition costs rather than see an enormous shrinkage in the student population.&nbsp; The market will work if you allow it to operate.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in