[SOC] a lively list

[Michael Coslo]

Which makes me think that the bailout was probably used to pay stockholders.

Nothing wrong with being a stockholder, (me is one!) but there is something
fundamentally wrong with lending institutions refusing to lend.

    - Mike -


On 7/20/10 7:42 PM, "KD7JYK DM09" <kd7jyk at earthlink.net> wrote:

> I had a girlfriend who needed a new car.  She had her eye on a new Toyota
> Corolla sedan.  She contacted the bank she had been with for several years
> for a loan.  She didn't hear from them for a while so I suggested she try
> the credit union.  They bought the car for her and her monthly payments to
> them were extremely low, the interest rate around 1.5-2% at the time.  Six
> months later, she heard from her bank, they denied her request for a loan.
> 
> Currently, we are operating on one income, out mortgage is 12% of that.
> 
> Kurt
> 
> ----- Original Message -----
> From: "Michael Coslo" <mjc5 at psu.edu>
> 
> : Correct- a- mundo! I bought a house that was 50 percent of what the bank
> : would  lend me, (one of the real estate agents I tried called me stupid)
> : refinanced to lower the interest rate, not to buy an Escalade, arranged
> the
> 
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