One Congressman knows what he's talking about.

[Mr. Wyndham]

Originally Posted by Skyman 08

I heard on the radio this morning that Paulsen has said they have now made it easier for people to get new loans... isn't that what got us into this mess in the first plase? making it too easy to get loans???

In what context was he referring to?

Right now, loans are difficult to get as banks are hoarding money out of fear, and raising loan requirements drastically (credit score, etc). That's part of the problem the Big Three are having right now.

If they've finally managed to free some of these loans up...then that's good news.

[BowtieGuy]

I promise you guys I did my best to vote Jim Inhoffe out of office. He doesn't support any plan to "bail out" the auto industry, no matter what the terms and preconditions. I hate how skewed and small minded Oklahoma politicians seem to be. Of course, that seems to be on par with most of its residents.

Sometimes I watch "Mr. Smith Goes to Washington" just to make myself feel better...

[Angrybird 12]

Originally Posted by Dragoneye

In what context was he referring to?

Right now, loans are difficult to get as banks are hoarding money out of fear, and raising loan requirements drastically (credit score, etc). That's part of the problem the Big Three are having right now.

If they've finally managed to free some of these loans up...then that's good news.

well you know how the news is, they just give you a quote and leave it at that, let us decide what it meant. I hate news reports especially those little 5 minute blurbs they give on the hour on the radio. I am not sure what he meant, but I think the banks still need to be sure of who they are loaning money to and their ability to pay it back...

[Mr. Wyndham]

Originally Posted by Skyman 08

well you know how the news is, they just give you a quote and leave it at that, let us decide what it meant.

I gotcha.

Originally Posted by Skyman 08

...but I think the banks still need to be sure of who they are loaning money to and their ability to pay it back...

Just not to the extreme...very few people are the perfectionists they seem to be limiting their loans to, lately.

[Angrybird 12]

Originally Posted by Dragoneye

Just not to the extreme...very few people are the perfectionists they seem to be limiting their loans to, lately.

Well the American way is a Kneejerk reaction, and it usually goes to the opposite extreme....