On Fri, 05 Dec 2008 11:12:19 -0600, Vic Smith
wrote:


So all the ads I see on TV inviting morgtage and loan applications are just
a front?

I think you need high FICO scores to acquire those loans.
This country has been running on debt for years.
So the mechanism is broken.
All the squawking about money not being available is from those
already too far in debt.
The squeaky wheel is not getting the oil.

Old saying in the banking business:

"Any fool can lend money out - the trick is to get it back."

Once the gimmicks are gone, sometimes the old way makes sense. :-)