Headed for Another Crash

By Guest Column Victoria Vaughn —— Bio and Archives December 18, 2014

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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.

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