just wondering how is a country economy look like if bankers no longer offer housing loan, business loan and etc. to the public. as far as i know banker are also in business minded, they earn profit from the interest of loan. if banker no longer offer loan, would that means the country’s economy status is in a big trouble? pls answer my question. thanks
How does the economy will look like if Merchant Banks in a country no longer provide housing loan?
Mon, Apr 5, 2010
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April 5th, 2010 at 10:52 pm
The international economic financial system is collapsing because it has a logic problem in its design. As this fact was not accepted by the elite,people is paying now the consequences.
A few of the medium class will buy a piece of land and buy a manufactured house using credits giving by the manufactured houses companies, and most of the people will be reenters forever.
People who works in the loan and construction business will loss their jobs.
The economy status of USA is in a big trouble and banks and houses are only the top of a big iceberg that affects the entire world.