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December 03, 2012

House GOP letter describes new offer to White House

The House Republican offer to avert the fiscal cliff is described in a three page letter signed Monday by key GOP leaders.

The letter calls the plan, which would raise $800 billion in new revenue and projects $2.2 trillion in deficit reduction, is based on testimony from Erskine Bowles, co-chairman of the bipartisan commission that in 2010 recommended trillions in savings.

That testimony, the letter said, describes "exactly the kind of imperfect but fair middle ground that allows us to avert the fiscal cliff without hurting our economy and destroying jobs," the leaders say.

 The entire letter as a PDF.


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The simple fact is banks have to change their business model post 2008. Some of their historic sources for revenue are either gone ,or diminished so they are going to want to do more ,not less of the classic bank lending.The only problem is they can only make the change to that fairly slowly because of new regs etc etc. Nonetheless it's coming and will continue to do so. The good news is for those who have been waiting on the sidelines for so long.Get what you need while you still can,because I suspect in the future as lending does ease further you will have less bargaining power on the rpice of the asset itself.Not suggesting any kind of outright boom price war.Simply that there will be less and less need to handout buyer discounts in a more liquid market.
Alice from https://paydayloansat.com/

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