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Sunday, November 22nd, 2009

Unemployed? Sucky Credit? Try Citibank

March 5, 2009 by Mark Jabo  
Filed under Business

Unemployed? Sucky Credit? Try Citibank

Bailed-Out Bank Looks to Extend Credit to People Out of a Job and More Than 60 Days Behind on Their Mortgage
Citibank virtually assured it will be back for another government handout by announcing its new program to aid “certain borrowers who have recently lost their jobs and are at least 60 days behind on their mortgage payments.”
Okay, I’m no banker … but aren’t loans to people with good credit and a steady income more profitable than loans to deadbeats with no job?
At first, I thought the high-priced executive talent at Citibank (rather than the politicians) were the best people to …read more


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