Quote:
Originally Posted by Pleasurepays
yesterday the stock market plummeted over 700 points and the bailout plan wasn't passed. and why? because at the heart of the matter is 300 million simple minded idiots in this country think that a bank that loaned them money to buy a house that they couldn't afford to begin with is just a greedy business man that doesn't need to be helped
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A lot of those banks put people into this, by offering, and SELLING them on the idea that THEY COULD afford a bigger loan.
Lots of people like me, will get pre qualified, so that I know where I stand with the bank.
So you are saying that they banks did nothing bad? They told people making 35k a year that they COULD afford a 300k home.