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A comment on Richmond’s rules: Why one California town is keeping Wall Street up at night. Parent comment

Re:Richmond’s rules: Why one California town is keeping Wall... by nl on Sunday October 06, 2013 @06:00AM (#6503643)
Or maybe lending standards will increase (ie, you won't be able to get a loan unless you can prove you are going to be able to pay it off), and valuations will be more conservative.

Neither are exactly a bad thing.

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Re:Richmond’s rules: Why one California town is keeping Wall... by zero_intp on Sunday October 06, 2013 @08:12AM (#6503838)
I think big banks will actually avoid the municipality like a plague for several years. But a community bank will rise and the locals will laugh.
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