Headed for Another Crash

Banks are advising large depositors to take their money elsewhere. Even at the pittance they are now paying depositors, they need to loan money out in order to make a profit. And the borrowers just aren't there.

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But, soon the problem will be solved as banks lower the homeowners stake in their home from 5% to 3%. Seems to me this was tried once before with disastrous results. If you keep doing the same thing expecting a different result you might be called insane. And the outcome will be a temporary jump in home sales followed by another crash as people can't make their payments. This is a bad idea. Victoria Vaughn Englewood, FL