Economy/Credit/Housing Issues Ping List
If you want on or off this list let me know.
I don’t loan money to my deadbeat brother-in-law, no matter how much he asks.
Reason being - I know he won’t pay me back.
Seems these credit companies should have had the same thought-process before giving $300,000 loans to someone who makes $12 an hour.
These banks did this to themselves. I have virtually no sympathy for them. The silver lining to this dark cloud is that I don’t have to endure ad after ad on radio/TV for easy-money mortgages.
10:02 AM, ET. Dow down 196.80 to 13,069. I did not think the shakeout from crappy loans would hit so soon or so hard. We are looking at the Dow down 1,500 points from October by the end of November.
Is it time for me to offer .60 on the dollar to settle my CITI credit cards?
Capital One Financial said more customers are having trouble paying their bills
Well ... DUH!
Quit sending everyone with an address a 'Your Pre Approved for a $10,000 Credit Card' junk mail packet every other day.
I get so ticked with these asshats and the cr@p they keep sending, I told the wife I should take them up on their offer. Then max out the card in a couple days and then tell them to screw off, I'm declaring Bankruptcy.
So Capitol One, what's in your wallet?
They deserve everything they get. Or more accurately -- don't get :-)
Our economy runs on credit. The dollar is really a debt instrument. If you aren't creating debt you aren't creating dollars.
How can the economy expand if we don't have access to cheap credit ?
Why are we caught in this cycle where the banks inflate the money supply and asset prices, then deflate it later causing those assets to crash ?
Sounds like a scam to pick up cheap assets while still holding the debtors responsible for paying off their debts.
Things must be really bad at Capital One. I haven’t recieved my thrice weekly you are approved letters in a while now.