BearMtnHIB wrote: Guess what- the collapse of Wall Street would not have ment that much to the working American, and it would have snapped back in record time without any help at all. The free market is the fastest, most efficient way to reassemble a mismanaged business, even a wall street business. The assets would have been bought and Wall street would have barely missed a beat.
As far as the available credit- where is it now? There is no available credit.
My banker has told me there is tons of money available for loans. They just can't get anybody to qualify for loans.
I have heard the same thing as Kate, 25% of applications for home loans are being turned down. Don't know if the mortgage companies are tightening standards or they are just gun shy and want to make sure any issued loans are 100% good.
I know I am still getting a couple credit card offers a week.
Thomas Sowell: There are no solutions, just trade-offs.
