Can A Bangladeshi Bank Help Fix America's Financial System?

re: Can A Bangladeshi Bank Help Fix America's Financial System?

RO in Reno — Mon, 20 Apr 2009 19:49:08 GMT

That is exactly what should occur in this country. small business is the very life blood of free enterprise and for that matter capitalism.

What we currently call capitaism in the US isn't capitalism at all.

re: Can A Bangladeshi Bank Help Fix America's Financial System?

sueadams — Tue, 21 Apr 2009 06:36:40 GMT

Grameen will be extremely successful in the US. No one tells the truth about the mortgage crisis -- had refinancing been readily available at fair and reasonable rates many people would still own their homes. 100% financing has worked successfully for VA loans for years. The problems center around our credit system of charging higher interest to those who have the most difficulty paying and corrupt credit reporting practices which create an artificial picture of ability to pay. True capitalism was eaten alive by mega-corporations -- with offshore tax accounts and artificial interest in local communities. This is very news for average Americans.

re: Can A Bangladeshi Bank Help Fix America's Financial System?

nawawimohamad — Tue, 21 Apr 2009 12:48:35 GMT

One thing is very transparent in Grameen. They are not greedy.

re: Can A Bangladeshi Bank Help Fix America's Financial System?

AlyKhanSatchu — Wed, 22 Apr 2009 11:45:32 GMT

I commend you on ventilating this story because it is an important one. In fact, there is an argument that lending to the bottom of the pyramid is the best risk adjusted lending to be had as per your default ratio.

In fact, in a curious twist of fate The Grameen model [not only chimes with President Obama's grass roots philosophy and campaign] and its roll out across America would be more likely to make a thousand Flowers bloom and is in fact more aligned with the US National interest than the current policy.

Aly-Khan Satchu