Rover
04-13-2009, 12:40 AM
This is amazing...the bolded area..what friggin brass balls these ass holes have...
Banks say that raising fees and rates, even on low-risk customers, is a legitimate way to recoup some of the costs of the bad loans still on their books. They also say taxpayers have a financial interest in seeing the industry quickly return to profitability. Any revolt over price hikes could intensify the crisis by depriving institutions of a key income source, say banks. New restrictions on these lending practices “may truly have an impact on profitability”, said Gerard Cassidy, a bank analyst with RBC Capital Markets.
These guys are worse than dealing with programmers
Banks say that raising fees and rates, even on low-risk customers, is a legitimate way to recoup some of the costs of the bad loans still on their books. They also say taxpayers have a financial interest in seeing the industry quickly return to profitability. Any revolt over price hikes could intensify the crisis by depriving institutions of a key income source, say banks. New restrictions on these lending practices “may truly have an impact on profitability”, said Gerard Cassidy, a bank analyst with RBC Capital Markets.
These guys are worse than dealing with programmers