To: RKBA Democrat
“Behind the changes is the simple fact that lenders want to protect themselves from BAD debt...”
Sounds reasonable to me. Good for them!
14 posted on
10/18/2008 7:16:57 PM PDT by
CitizenUSA
(Voting proudly for GOVERNOR Palin for VP!)
To: CitizenUSA
Sounds reasonable to me. Good for them!
Trouble is that they loaned lots of money to crackheads and then when they couldn't recover that "bad" debt they ran to Congress and got the bankruptcy laws changed for EVERYBODY...including people who went bankrupt for catastrophic medical conditions etc.
One reason Republicans lost ground in Congress.
18 posted on
10/18/2008 7:24:14 PM PDT by
Arkinsaw
To: CitizenUSA
“Behind the changes is the simple fact that lenders want to protect themselves from BAD debt...” Sounds reasonable to me. Good for them! There's only one problem. People like Obama - with the help of ACORN - sued banks to force them to make loans to people who couldn't afford the house payments. That set banks up.
I don't know if they did the same thing with credit cards - but it' seems likely. Over 97% of people are paying home mortgages on time. This mess wasn't caused by the middle class...
30 posted on
10/18/2008 7:41:32 PM PDT by
GOPJ
(Mail acorns to MSM starting October 21. Reporters: ACORN addresses are in phone book.)
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