Comments on: Please fasten your seatbelts…the economy will be going through a little turbulence…

By: Where’s the Outrage? » Addressing the economic issue, again

Where’s the Outrage? » Addressing the economic issue, again — Sat, 18 Oct 2008 01:54:54 +0000

[...] licensed to do either in Ohio. Secondly, I’ve addressed the issues in several posts (here, here). I addressed these issues long before John McCain made Joe the Plumber a household [...]

By: margaret

margaret — Tue, 07 Oct 2008 18:02:50 +0000

The banks are still loaning money. I have been shopping around for a lower Home Equity Line of credit. It is at WaMU/ Chase at the precent time at 7.25%. It is a 90% loan to value loan. I just bought the house last december and have not used the line of credit so far. I am just trying to find a lower interest rate in case I need it. WaMu/Chase have tightened their requirements to 70% loan to value. Plus your credit needs to be 650. The credit union I have my car loan through had a higher rate of 8.75% and only a 80% loan to value…. But the local bank USBANK which does not own mortgages gave me a 5.5% on a 90% loan to value their own requirements you have a t least a 680 credit score which I have a 740. So there are banks out there that will still loan if you have a good credit score and you look around and stay away from the ones that own mortgages. So when you hear that no one is giving the people credit maybe their credit is risky and they wouldn’t get a loan before anyways,.

By: JeffLeon

JeffLeon — Tue, 07 Oct 2008 17:27:41 +0000

That’s a pretty good metaphor.

To the economic turbulence announcement, this might be added: “Passengers are advised that the flight crew is kneewalking drunk. They’ve been drunk for 28 years. They don’t care if this crate crashes because they have golden parachutes and you don’t.”