Page 2 - Credit Risks News Today

Emotional response to a difficult discussion. the employee is still fired. recent immigrants or college grads with little credit history theyre still good customers, still good credit risks. there are about 10 million like this who would be prime credit customers, a sweet spot for lenders. indra peterson with the weather. >> feels like fall. nice cold air from high pressure coming in from canada cooling us off 10, 15 degrees below normal. 70s out for new york city, 70s for indianapolis today...

Wearhouse customers take a look at this brand-new look on television. but, yeah, he kind of ogles that school girl. you heard this, right, that to have a credit history, you have to have a credit card and use it? well, guess what, the credit company vandage score says maybe not, there very millions out there who may be immigrants or recent graduates who dont have credit card history tore but they are still good credit risks. at least a third of them would be prime credit customers. even though...

People to stay in the house, lower their monthly payments. is there some kind of test for these homeowners to sort of figure out if theyre a good candidate for this kind of program? >> right. theyre only targeting homeowners who are already making their monthly payments, who are good credit risks. >> thank you very much. sounds like an interesting program. sounds like theres controversy around it. well see if anything comes of it. >> thanks. >> coming up, the merit of one town is looking for vot...

People to stay in the house, lower their monthly payments. is there some kind of test for these homeowners to sort of figure out if theyre a good candidate for this kind of program? >> right. theyre only targeting homeowners who are already making their monthly payments, who are good credit risks. >> thank you very much. sounds like an interesting program. sounds like theres controversy around it. well see if anything comes of it. >> thanks. >> coming up, the merit of one town is looking for vot...

Dollars in credit risks, greece, portugal, italy, ireland and spain. if things turn sour in those countries, would our banks then tighten credit to small businesses here in the united states. if they cant readily get loans they could be out of business? >> that is the very interesting point you bring up. i hadnt quite thought of it that way, but i will tell you this. as we saw in 2008 and 2009 when banks get hurt and when the balance sheets get hurt, they will absolutely react to that. so if the...

The message has been, you guys in washington dont understand our business. so you should keep it to yourself and let the professionals like us, the smartest guys in the room do what we do best. which is why it was a little embarrassing for jamie dimond had somehow managed to lose more than a billion in credit risks. the position was uncovered and exposed and dealt with quickly enough -- what roar uncovered positions are lurking out there or what the next big wall street screw up might look like....

Doesnt stay in europe. it moves like grease-lightening everywhere. you remember the contagion in 2008 we saw with lehman brothers and it sort of sped around? well if we see some banks in europe have problems it could spread very quickly back to this side of the atlantic and that would be really bad and credit risks would be awful. megyn: were seeing more european countries move toward social ill. so they dont seem to be in favor of limited austerity measures in place over there and raises questi...

Strong growth peer, you do have rising rates, but that does not cut home prices. >> but the action does not have anything to do with mortgage rates, 32% of sales are people paying cash. so people are making monday any in housing. make no mistake, we look at the pictures on the wall and we talk about the tens of thousands of dollars of value people have lost in their home. there are people right now making an awful lot of money in real estate. >> orange county. foreclosures are selling in a month...