"Boater" wrote in message
...
Eisboch wrote:
Help me out here.

I hear the economy is frozen. Banks won't lend. No mortgages. Hoarding
their bailout money.

Yet, virtually every commercial break on MSNBC or CNN features at least
one pitch from a major bank or a mortgage company (Ditech comes to mind,
which is a GMAC subsidiary) offering low interests mortgages, loans and
"we have money to lend" announcements.

So, why aren't they lending? Seems to me that this would be an ideal
time for people to re-finance for lower rates, etc.

Economics confuses me.

Eisboch




Mostly unregulated handouts...the banks need to pay their Xmas bonuses
first.

Huh?

Eisboch wrote:
"Boater" wrote in message
...
Eisboch wrote:
Help me out here.

I hear the economy is frozen. Banks won't lend. No mortgages. Hoarding
their bailout money.

Yet, virtually every commercial break on MSNBC or CNN features at least
one pitch from a major bank or a mortgage company (Ditech comes to mind,
which is a GMAC subsidiary) offering low interests mortgages, loans and
"we have money to lend" announcements.

So, why aren't they lending? Seems to me that this would be an ideal
time for people to re-finance for lower rates, etc.

Economics confuses me.

Eisboch



Mostly unregulated handouts...the banks need to pay their Xmas bonuses
first.

Huh?




The funds the banks and brokerage houses received were mostly without
strings, at least at first, and they're not making loans because the
funds were used to pay bonuses and buy golden parachutes for the execs.

Right?

"Boater" wrote in message
...
Eisboch wrote:
"Boater" wrote in message
...
Eisboch wrote:
Help me out here.

I hear the economy is frozen. Banks won't lend. No mortgages.
Hoarding their bailout money.

Yet, virtually every commercial break on MSNBC or CNN features at least
one pitch from a major bank or a mortgage company (Ditech comes to
mind, which is a GMAC subsidiary) offering low interests mortgages,
loans and "we have money to lend" announcements.

So, why aren't they lending? Seems to me that this would be an ideal
time for people to re-finance for lower rates, etc.

Economics confuses me.

Eisboch



Mostly unregulated handouts...the banks need to pay their Xmas bonuses
first.

Huh?




The funds the banks and brokerage houses received were mostly without
strings, at least at first, and they're not making loans because the funds
were used to pay bonuses and buy golden parachutes for the execs.

Right?

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

Eisboch

Eisboch wrote:
"Boater" wrote in message
...
Eisboch wrote:
"Boater" wrote in message
...
Eisboch wrote:
Help me out here.

I hear the economy is frozen. Banks won't lend. No mortgages.
Hoarding their bailout money.

Yet, virtually every commercial break on MSNBC or CNN features at least
one pitch from a major bank or a mortgage company (Ditech comes to
mind, which is a GMAC subsidiary) offering low interests mortgages,
loans and "we have money to lend" announcements.

So, why aren't they lending? Seems to me that this would be an ideal
time for people to re-finance for lower rates, etc.

Economics confuses me.

Eisboch



Mostly unregulated handouts...the banks need to pay their Xmas bonuses
first.
Huh?



The funds the banks and brokerage houses received were mostly without
strings, at least at first, and they're not making loans because the funds
were used to pay bonuses and buy golden parachutes for the execs.

Right?

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

Eisboch




Just the TV versions of the Nigerian email scams... :)

On Dec 5, 12:11*pm, Boater wrote:
Eisboch wrote:
"Boater" wrote in message
...
Eisboch wrote:
"Boater" wrote in message
...
Eisboch wrote:
Help me out here.

I hear the economy is frozen. *Banks won't lend. *No mortgages.
Hoarding their bailout money.

Yet, virtually every commercial break on MSNBC or CNN features at least
one pitch from a major bank or a mortgage company (Ditech comes to
mind, which is a GMAC subsidiary) *offering low interests mortgages,
loans and "we have money to lend" announcements.

So, why aren't they lending? * Seems to me that this would be an ideal
time for people to re-finance for lower rates, etc.

Economics confuses me.

Eisboch

Mostly unregulated handouts...the banks need to pay their Xmas bonuses
first.
Huh?

The funds the banks and brokerage houses received were mostly without
strings, at least at first, and they're not making loans because the funds
were used to pay bonuses and buy golden parachutes for the execs.

Right?

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

Eisboch

Just the TV versions of the Nigerian email scams... * :)- Hide quoted text -

- Show quoted text -

Man you are an idiot.

On Dec 5, 1:46*pm, wrote:
On Fri, 5 Dec 2008 10:23:30 -0800 (PST), wrote:
On Dec 5, 12:11*pm, Boater wrote:
Eisboch wrote:
"Boater" wrote in message
...
Eisboch wrote:
"Boater" wrote in message
...
Eisboch wrote:
Help me out here.

I hear the economy is frozen. *Banks won't lend. *No mortgages.
Hoarding their bailout money.

Yet, virtually every commercial break on MSNBC or CNN features at least
one pitch from a major bank or a mortgage company (Ditech comes to
mind, which is a GMAC subsidiary) *offering low interests mortgages,
loans and "we have money to lend" announcements.

So, why aren't they lending? * Seems to me that this would be an ideal
time for people to re-finance for lower rates, etc.

Economics confuses me.

Eisboch

Mostly unregulated handouts...the banks need to pay their Xmas bonuses
first.
Huh?

The funds the banks and brokerage houses received were mostly without
strings, at least at first, and they're not making loans because the funds
were used to pay bonuses and buy golden parachutes for the execs.

Right?

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

Eisboch

Just the TV versions of the Nigerian email scams... * :)- Hide quoted text -

- Show quoted text -

Man you are an idiot.

L-I-A-R- Hide quoted text -

- Show quoted text -

You remind me of a little Doxie dog we rescued when I was a kid. She
used to lurk in a small closet by the front door and bark at anyone
who came in the door. The bitch was mean though, and would actually
come out and attack if provoked, you just hide under your desk barking
nonsense, not really making much difference to anyone. How does it
feel to be Harry's little bitch, would you bend over for him too if he
asked?

On Fri, 5 Dec 2008 12:01:41 -0500, "Eisboch"
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.

--Vic

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. :-)