As part of the ethics in writing this article I made a decided point of not actually reading my initial article so there is no way of knowing if in general I was right or wrong. Anyways, I am pleased to present the second installment and can only say at this point that I hope my integrity is intact come the end of it all. The numbers and the paragraphs below them are the originals from the article at the end of 2005, the Result & Humiliation score are todays take on what actually happened since they were written.
6. Product or client specific lenders
We have already spoken about ‘sub-prime’ lenders, this is product or client specific lending based on a pre-set target market, but who’s to say it shouldn’t work both ways? What about a lender who deals only with people who earn over €100,000 or who have a net worth of €1,000,000? Previously this may have been the stock and trade of the ‘private banking’ wing of certain banks but there is scope for this type of …