To: HereInTheHeartland
The lack of bank lending is a more serious issueFOX News just reported that one third of auto loan applications in the past week were denied.
37 posted on
10/09/2008 12:14:52 PM PDT by
buccaneer81
(Bob Taft has soiled the family name for the next century.)
To: buccaneer81
43 posted on
10/09/2008 12:16:14 PM PDT by
xcamel
(Conservatives start smart, and get rich, liberals start rich, and get stupid.)
To: buccaneer81
“FOX News just reported that one third of auto loan applications in the past week were denied. “
It seems like stories like this are more common. I don't see how we will have a quick recovery when stuff like this is going on all over the place.
And it is not just media hype, credit has been contracted quite a bit.
My guess is that consumers have pulled in the reins a lot in the past 4 weeks, and that statistics haven't picked it up yet.
52 posted on
10/09/2008 12:19:02 PM PDT by
HereInTheHeartland
(Help fight the left's anointed candidate, contribute and work for McCain/Palin..)
To: buccaneer81
CNBC has reported several times this week that the approval rate for 800+FICO new auto loans is about 80%.
Twenty percent of 800 FICOs turned down!
54 posted on
10/09/2008 12:19:12 PM PDT by
Petronski
(Please pray for the success of McCain and Palin. Every day, whenever you pray.)
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