and i want a house, found one we love....but not sure what to do with this market, makes me nervous to buy something right now
IF we can even get a loan.....
but i would imagine they woud still lend? how else are they going to make money?
Theres no money to lend you bc everyone took out loans they cant afford. ie. no money going in... no money going out. Unless we give the banks $$ to get the ball rolling we're going to be frozen.
Espo22
Posted:
Member since
Re: Massive financial bailout
Posted by Future Mulligan
ugh the market is taking a beating today
and i want a house, found one we love....but not sure what to do with this market, makes me nervous to buy something right now
that is IF we can even get a loan.....
but i would imagine banks woud still lend? how else are they going to make money?
i cant find articles right now but all of them will say that if this gets to the point that well it just did, even those with excellent credit wont get loans. The banks wont be able to, they are going down left and right. I will try to find the articles and info on this
Espo22
Posted:
Member since
Re: Massive financial bailout
Here is one quote from suzie orman but ill try to find articles on this
These bankruptcies mean credit will be almost impossible to get. Chances of getting a mortgage, car loan, student loans for your kids, will be very very difficult.'
littlepixie12
Posted:
Member since
Re: Massive financial bailout
Posted by Espo22
Here is one quote from suzie orman but ill try to find articles on this
These bankruptcies mean credit will be almost impossible to get. Chances of getting a mortgage, car loan, student loans for your kids, will be very very difficult.'
Thats putting it mildy ...
Butterfly123
Posted:
Member since
Re: Massive financial bailout
Posted by Espo22
Here is one quote from suzie orman but ill try to find articles on this
These bankruptcies mean credit will be almost impossible to get. Chances of getting a mortgage, car loan, student loans for your kids, will be very very difficult.'
i think she said this on Oprah too
flairforfashion
Posted:
Member since
Re: Massive financial bailout
Posted by Espo22
Posted by PROBM
this is not being passed bc the politics who voted against it are scared that they are not going to be reelected... meanwhile they are going to put us in a GREAT DEPRESSION!
actually its the ceo's of the financial businesses that put us there. Its not governments responsibility to pay off their debts, this is not a socialist government. Its the mortgage business and financial institutions that put us in this situation.
And it's also millions of people who were approved of mortgages of no money down. They purchased houses that they couldn't afford and in turn, failed to make payments and then the domino effects of foreclosures ocurred which in turn left the banks without money because they lended more than they got back. Thank you Mr. Clinton for getting us into this disaster.
This is a wake up call for everyone. People need to know that they cannot live beyond their means. Whether it's the CEO or the normal middle class person struggling to get by- we all need to stop being greedy.
littlepixie12
Posted:
Member since
Re: Massive financial bailout
Posted by flairforfashion
Posted by Espo22
Posted by PROBM
this is not being passed bc the politics who voted against it are scared that they are not going to be reelected... meanwhile they are going to put us in a GREAT DEPRESSION!
actually its the ceo's of the financial businesses that put us there. Its not governments responsibility to pay off their debts, this is not a socialist government. Its the mortgage business and financial institutions that put us in this situation.
And it's also millions of people who were approved of mortgages of no money down. They purchased houses that they couldn't afford and in turn, failed to make payments and then the domino effects of foreclosures ocurred which in turn left the banks without money because they lended more than they got back. Thank you Mr. Clinton for getting us into this disaster.
This is a wake up call for everyone. People need to know that they cannot live beyond their means. Whether it's the CEO or the normal middle class person struggling to get by- we all need to stop being greedy.
ITA
Future Mulligan
Posted:
Member since
Re: Massive financial bailout
great, i guess we'll never get a house
this s-u-c-k-s that i have to suffer and live in an apartment forever because all these idiots cant afford their mortgages this is what you get for being responsible and having impeccable credit
sorry im just b-i-t-c-h-i-n-g
i want a house to put all my shower gifts in and we found one, but with everything going on its so frustrating
Espo22
Posted:
Member since
Re: Massive financial bailout
Posted by flairforfashion
Posted by Espo22
Posted by PROBM
this is not being passed bc the politics who voted against it are scared that they are not going to be reelected... meanwhile they are going to put us in a GREAT DEPRESSION!
actually its the ceo's of the financial businesses that put us there. Its not governments responsibility to pay off their debts, this is not a socialist government. Its the mortgage business and financial institutions that put us in this situation.
And it's also millions of people who were approved of mortgages of no money down. They purchased houses that they couldn't afford and in turn, failed to make payments and then the domino effects of foreclosures ocurred which in turn left the banks without money because they lended more than they got back. Thank you Mr. Clinton for getting us into this disaster.
This is a wake up call for everyone. People need to know that they cannot live beyond their means. Whether it's the CEO or the normal middle class person struggling to get by- we all need to stop being greedy.
oh trust me i have openly spoken about those who bought homes that were way out of their price range, i agrree 100%
he gives me butterflies
Posted:
Member since
Re: Massive financial bailout
Posted by flairforfashion
Posted by Espo22
Posted by PROBM
this is not being passed bc the politics who voted against it are scared that they are not going to be reelected... meanwhile they are going to put us in a GREAT DEPRESSION!
actually its the ceo's of the financial businesses that put us there. Its not governments responsibility to pay off their debts, this is not a socialist government. Its the mortgage business and financial institutions that put us in this situation.
And it's also millions of people who were approved of mortgages of no money down. They purchased houses that they couldn't afford and in turn, failed to make payments and then the domino effects of foreclosures ocurred which in turn left the banks without money because they lended more than they got back. Thank you Mr. Clinton for getting us into this disaster.
This is a wake up call for everyone. People need to know that they cannot live beyond their means. Whether it's the CEO or the normal middle class person struggling to get by- we all need to stop being greedy.
this is all freaking me out! i feel like i shouldnt have the wedding i am having anymore. i feel like i am putting a lot weight on myself fh and our parents, as well as our guests.
Future Mulligan
Posted:
Member since
Re: Massive financial bailout
Posted by he gives me butterflies
Posted by flairforfashion
Posted by Espo22
Posted by PROBM
this is not being passed bc the politics who voted against it are scared that they are not going to be reelected... meanwhile they are going to put us in a GREAT DEPRESSION!
actually its the ceo's of the financial businesses that put us there. Its not governments responsibility to pay off their debts, this is not a socialist government. Its the mortgage business and financial institutions that put us in this situation.
And it's also millions of people who were approved of mortgages of no money down. They purchased houses that they couldn't afford and in turn, failed to make payments and then the domino effects of foreclosures ocurred which in turn left the banks without money because they lended more than they got back. Thank you Mr. Clinton for getting us into this disaster.
This is a wake up call for everyone. People need to know that they cannot live beyond their means. Whether it's the CEO or the normal middle class person struggling to get by- we all need to stop being greedy.
this is all freaking me out! i feel like i shouldnt have the wedding i am having anymore. i feel like i am putting a lot weight on myself fh and our parents, as well as our guests.
i was JUST thinking that - i wonder how many No responses we are going to get now
Espo22
Posted:
Member since
Re: Massive financial bailout
Posted by Future Mulligan
great, i guess we'll never get a house
this s-u-c-k-s that i have to suffer and live in an apartment forever because all these idiots cant afford their mortgages this is what you get for being responsible and having impeccable credit
sorry im just b-i-t-c-h-i-n-g
i want a house to put all my shower gifts in and we found one, but with everything going on its so frustrating
well lets see what they are coming up with to help. It might take some time to fix things but you will one day
JennyAPH
Posted:
Member since
Re: Massive financial bailout
Posted by he gives me butterflies
Posted by flairforfashion
Posted by Espo22
Posted by PROBM
this is not being passed bc the politics who voted against it are scared that they are not going to be reelected... meanwhile they are going to put us in a GREAT DEPRESSION!
actually its the ceo's of the financial businesses that put us there. Its not governments responsibility to pay off their debts, this is not a socialist government. Its the mortgage business and financial institutions that put us in this situation.
And it's also millions of people who were approved of mortgages of no money down. They purchased houses that they couldn't afford and in turn, failed to make payments and then the domino effects of foreclosures ocurred which in turn left the banks without money because they lended more than they got back. Thank you Mr. Clinton for getting us into this disaster.
This is a wake up call for everyone. People need to know that they cannot live beyond their means. Whether it's the CEO or the normal middle class person struggling to get by- we all need to stop being greedy.
this is all freaking me out! i feel like i shouldnt have the wedding i am having anymore. i feel like i am putting a lot weight on myself fh and our parents, as well as our guests.
I feel the same way
beram63
Posted:
Member since
Re: Massive financial bailout
Posted by flairforfashion
Posted by Espo22
Posted by PROBM
this is not being passed bc the politics who voted against it are scared that they are not going to be reelected... meanwhile they are going to put us in a GREAT DEPRESSION!
actually its the ceo's of the financial businesses that put us there. Its not governments responsibility to pay off their debts, this is not a socialist government. Its the mortgage business and financial institutions that put us in this situation.
Thank you Mr. Clinton for getting us into this disaster.
not so fast. this was a clinton/bush one-two punch. clinton opened doors to get people in homes, and bush pushed them open wider with the help of a deregulating republican majority. in flowed the corruption and abuse.
MrsDrinkh20
Posted:
Member since
Re: Massive financial bailout
Posted by beram63
Posted by flairforfashion
Posted by Espo22
Posted by PROBM
this is not being passed bc the politics who voted against it are scared that they are not going to be reelected... meanwhile they are going to put us in a GREAT DEPRESSION!
actually its the ceo's of the financial businesses that put us there. Its not governments responsibility to pay off their debts, this is not a socialist government. Its the mortgage business and financial institutions that put us in this situation.
Thank you Mr. Clinton for getting us into this disaster.
not so fast. this was a clinton/bush one-two punch. clinton opened doors to get people in homes, and bush pushed them open wider with the help of a deregulating republican majority. in flowed the corruption and abuse.
im not sure if we should be bashing clinton or our current fearless leader...
Espo22
Posted:
Member since
Re: Massive financial bailout
i am actually very scared right now. I have it on CNN just waiting to see how the market will close today. Since the bail out plan was denied, within 10 mins the market went down 700 points. I wasnt 100% happy with the bail out plan BUT in order to deny it then you need to have another plan to go into effect ASAP, not to deny it and THEN try to come up with a plan. If this was the case then they should've just voted yes even though many of us werent happy with it.
alli3131
Posted:
Member since
Re: Massive financial bailout
Just take a look at how the market has taken a PLUNGE today and that is because of the the no vote on the bailout. The bailout may not be the perfect answer but nothing is going to put this country in dire straits and it going to start hitting the world economy
aliska21
Posted:
Member since
Re: Massive financial bailout
Posted by he gives me butterflies
Posted by flairforfashion
Posted by Espo22
Posted by PROBM
this is not being passed bc the politics who voted against it are scared that they are not going to be reelected... meanwhile they are going to put us in a GREAT DEPRESSION!
actually its the ceo's of the financial businesses that put us there. Its not governments responsibility to pay off their debts, this is not a socialist government. Its the mortgage business and financial institutions that put us in this situation.
And it's also millions of people who were approved of mortgages of no money down. They purchased houses that they couldn't afford and in turn, failed to make payments and then the domino effects of foreclosures ocurred which in turn left the banks without money because they lended more than they got back. Thank you Mr. Clinton for getting us into this disaster.
This is a wake up call for everyone. People need to know that they cannot live beyond their means. Whether it's the CEO or the normal middle class person struggling to get by- we all need to stop being greedy.
this is all freaking me out! i feel like i shouldnt have the wedding i am having anymore. i feel like i am putting a lot weight on myself fh and our parents, as well as our guests.
this is what im thinking about right now..!
Espo22
Posted:
Member since
Re: Massive financial bailout
Posted by MrsDrinkh20
Posted by beram63
Posted by flairforfashion
Posted by Espo22
Posted by PROBM
this is not being passed bc the politics who voted against it are scared that they are not going to be reelected... meanwhile they are going to put us in a GREAT DEPRESSION!
actually its the ceo's of the financial businesses that put us there. Its not governments responsibility to pay off their debts, this is not a socialist government. Its the mortgage business and financial institutions that put us in this situation.
Thank you Mr. Clinton for getting us into this disaster.
not so fast. this was a clinton/bush one-two punch. clinton opened doors to get people in homes, and bush pushed them open wider with the help of a deregulating republican majority. in flowed the corruption and abuse.
im not sure if we should be bashing clinton or our current fearless leader...
she is blaming clinton bc it was clinton who passed the bill to make it easier for ppl to get homes and doing such things as 0% down, which was a huge problem as we see now. So thats why she blamed him since it was his plan.
ETA: everyone is to blame now lol
Butterfly123
Posted:
Member since
Re: Massive financial bailout
Posted by beram63
Posted by flairforfashion
Posted by Espo22
Posted by PROBM
this is not being passed bc the politics who voted against it are scared that they are not going to be reelected... meanwhile they are going to put us in a GREAT DEPRESSION!
actually its the ceo's of the financial businesses that put us there. Its not governments responsibility to pay off their debts, this is not a socialist government. Its the mortgage business and financial institutions that put us in this situation.
Thank you Mr. Clinton for getting us into this disaster.
not so fast. this was a clinton/bush one-two punch. clinton opened doors to get people in homes, and bush pushed them open wider with the help of a deregulating republican majority. in flowed the corruption and abuse.
Exactly. 8 years in office there were plenty of signs this was on its way to happening. Gimme a break with the Clinton blaming already. Anytime something goes wrong Im just gonna blame it on Clinton
