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To: estrogen
I have been saying this all along.....I don't think there is anyone who was qualified unable to get a loan. I was skeptical when Bush said we had to do this "immediately" it was almost as if no one could question the premise and it had to get rushed through.

You've got that right. Everybody and their brother has been trying to lend me money. I think that it's the folks that never should have gotten credit in the first place that are/were having trouble getting credit. The lenders were a little slow in clamping down on deadbeat loans, but when they finally did clamp down, the did so in a strong manner.

They rushed through the bailout and now they don't have a plan on what to do with it.......bunch of lunatics running this country

You're right about that - they mindlessly pushed this farce of a bailout through, spending non-existent taxpayer money for nothing. Well, perhaps not for nothing - it was primarily to cover their own backsides for encouraging (forcing?) the loaning of money to people that most likely would not pay it back. Notice that we've not heard a word about the CRA or Fannie/Freddie's involvement in this debacle.

25 posted on 12/18/2008 4:49:45 AM PST by meyer (We are all John Galt)
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To: meyer

Just bought a used car with same day loan approval last week in Central NY (under permanent depression)...no problem. (Haven’t bought a new car in years)


27 posted on 12/18/2008 4:59:03 AM PST by Wilum (Never loaded a nuke I didn't like)
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