Bye Bye Banks and Wall Street

[Kevy Baby]

Originally Posted by Bornieo: Fully Loaded

Wow - it's like the "Sh!t hitting the fan" heard around the world.

The defecation is definitely hitting the rotary oscillator!

Originally Posted by Morrigoon

Mousepod:
That's good to hear. But what I'm hearing from consumers is that it's still very difficult to get the banks to loosen their purse strings.

It sounds like it is just returning to the banks requiring what the used to (rightfully) require. The reason there is so much trouble is because they were too loose.

[BarTopDancer]

Originally Posted by Ghoulish Delight

Or the other way to look at it - you actually have to be able to afford a loan to get it.

Originally Posted by Kevy Baby

It sounds like it is just returning to the banks requiring what the used to (rightfully) require. The reason there is so much trouble is because they were too loose.

Completely agree.

No more stated income or "sure, we can afford the $2500 a month mortgage but we can't afford anything else and live on credit" mortgages.

The rental market has been tightening up as well, credit and income requirements wise.

[Andrew]

Originally Posted by Alex

Weird, for some reason I haven't figure out yet, all of my meetings today are getting canceled.

Originally Posted by Ghoulish Delight

See, there IS a upside to your company collapsing.

They're just celebrating the weekend a day early. Or going home to watch the debate.