[SOC] a lively list

[w9ya]

LOL.....heck without the VERY SOC central bank (FED) lending institutions
would have to conduct business. With the FED they can just be given funding
to NOT lend money. And guess who(m) pays the bill for this upside down
nonsense.

The most brilliantly SOC plan, played out right in front of our noses.

(For some the SOC list has been a burden the last few days, I am finding it
full of gems. You da man Michael, what a great thought.)

- Not So Anonymous

P.S... I got some private mail from another SOCer that said he didn't
understand the abbreviations. Do we give out 3rd class awards for being too
lazy to use google ?)


On Wed, Jul 21, 2010 at 6:11 AM, Michael Coslo <mjc5 at psu.edu> wrote:

> 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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