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When times are good, loans are easy to get.
Only $49 million of the bank's loans were considered good loans that were properly performing.
"There is a recession out there and that does reduce the opportunity to make good loans".
Neither flexible interest rates nor loan classifications can help if credit officers cannot tell good loans from bad.
The move pushes into the future the need to sort out good loans from bad in the mountain of debt.
But the new initiative is emphatically for pooling good loans, not bad, and for creating securities that will command ratings as high as AAA.
Similar(5)
He has bought well and made good loan decisions.
Many Democrats and some small-business advocates say a good loan is hard to find.
"Sounds like a pretty good loan, doesn't it?" counsel assisting the commission, Geoffrey Watson, SC, said.
But, he added, "some lenders are not so great, and they have some really good loan officers".
He will be a good loan signing for us if we can get him but we need other players too".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com