Apparently, the business of gossip can be as challenging as that of sub-prime lending.
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One potential worry is sub-prime lending: loans to people with a bad credit history.
Such a programme would be cheap, he says, because sub-prime lending is so concentrated in certain neighbourhoods.
ECONOMIST: Lawmakers, state and federal, are mounting an attack
Almost any bank with a lot of retail business except for sub-prime lending and perhaps credit cards can expect its minimum capital to fall.
The sub-prime lending market - worth billions of pounds - involves lending to people with poor credit records at an interest rate premium.
Sub-prime lending (to those with bad credit histories), leveraged financing (some leasing, for example) and credit-card lending have all been growing especially and worryingly fast.
Regional banks have also steered clear of the other main area where credit is deteriorating, sub-prime lending (high-interest loans to borrowers with patchy credit).
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There was little sub-prime lending of the kind we grew to love here in the states, and non-performing housing loans have remained low, for now.
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Senator Clinton has a strong economic background and has already outlined a comprehensive package to lessen the effects of the sub-prime lending catastrophe and the impending recession.
" Responding to the run-up in WLT, Li said, "Walter has outperformed its peers because it has successfully transformed itself from a sub-prime lending and homebuilding and coal business to a pure play in high margin metallurgical coal business.
No wonder, experts think that dark pools can, anytime, blow splinters of systemic risks into the global economy, very much like how the sub-prime lending-induced contagious risks reared their ugly heads to trigger the largest financial crisis since the Great Depression.
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Retail sales for household appliances and furniture increased 17% in March, which was the largest increase in over a year and a substantial acceleration from recent lows towards the end of 2011, paving the way to help Magazine Luiza, for example, overcome its current problems with sub-prime lending.
U.S. lending practices, spurred by short-term gain, had banks lending to sub-prime borrowers with no money down.
Bank-issued credit card lending to sub-prime consumers jumped 41% between 2010 and 2011 hitting a four-year high in December 2011 with 1.1 million new bank credit cards issued.
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The easy credit that resulted fuelled both the boom in house prices and the consumer spending that helped Britain's economy grow until the crisis in American sub-prime mortgages ripped the lid off reckless lending elsewhere too.
According to Fannie Mae, the government-sponsored mortgage-lending agency, up to half the people who take out sub-prime loans could qualify for a prime loan, which charges as much as four percentage points less interest, a huge saving over the 30-year life of a mortgage.
ECONOMIST: Lawmakers, state and federal, are mounting an attack
Capital One boasts an extensive customer data analysis system that helps keep its lending reasonable in the sub-prime category.
Other fancy lending schemes, such as sub-prime and interest-only mortgages, have been introduced to encourage poorer Americans onto the housing ladder.
The risk of wrapping the sub-prime market in a web of laws against predatory lending is that people end up with less access to credit.
ECONOMIST: Lawmakers, state and federal, are mounting an attack
Another source of hope for victims of predatory lending could come if the securitisation market, which buys lots of sub-prime loans, became more vigilant about whom it buys loans from.
ECONOMIST: Lawmakers, state and federal, are mounting an attack
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