Rotten1521 08:29:24 AM Jul 25 2008

Vote McCain to get four more years of this crap, and a hundred years in Iraq!

Honeyspcg 03:27:00 AM Jul 25 2008

We just moved into our new home in April. Our credit scores are 810 and 805 and we are on retirement income. We had no problem getting a loan. We settled in at 5.87%. We were also given a $1000 discount by the lender and the same from the builder. The only debt we have (besides the house payment) is a car payment. No credit card debt. Paid if all off and refuse to get into that boat again.

DEE4KONA 11:46:03 PM Jul 24 2008

What you are all missing here is the tightening of credit by the FEDS. The FEDS have issued regulations that are so tight I would have to walk on water to get a loan. We just applied for a HELCO (Home equity loan) on a home where we have no mortgage and about 400,000 in equity. Our credit scores are 769 and 722 respectively (anything over 720 is considered "perfect credit" by the credit reporting agencies. We have 4 homes total....3 as investments. All were purchased over 5 years ago and we have not missed one payment. OK..buying another investment should be easy right? WRONG! After analysing our income stream, the bank denied the loan despite our putting 20% down. They said "you don't have the monthly income to justify the loan". What a laugh. I have over a million in IRAs which can't be used as collateral. Oh..and I can't cash in the IRA because of the penalties and taxes. So..here I am, fairly well off, owning four homes, net worth of about 2 million, and I CAN NOT GET

Jbfast3288 09:56:13 PM Jul 24 2008

Really, with the prices way down on housing, and interest rates somewhat low to good credit purchasers. You would think that home buyers would be investing. It is because the lack of trust that this administration has earned, that people are just keeping their money under the matress. I know some Bushites feel differently, but that doesn't surprise me.

MAGNET47 09:23:18 PM Jul 24 2008

All said and done I am afraid the banks might fail one by one.For all of you with accounts in places like Schwaab---you are insured if you are invested but if the money is just sitting with them you are not.The Wall Stree is somehow hoping that after losing so much money we will play the market.My biggest headache is health Insurance since I have my share of diseases

rothmarkn 09:17:13 PM Jul 24 2008

Final comment: Since these crass banks are slowly pulling the plug with its customers, the only way to fight back is to give them back exactly what they're giving us. Refuse to buy from businesses or retail that give little or no customer service. Pull YOUR OWN purse strings tight. Quit buying everything in site. At least for a while. ITs not much, but at least it lets self serving CEO's know, we're fed up. No service, no $$$. En masse, it works. Ciao.

Hotbluecar7 09:15:49 PM Jul 24 2008

Well, lets see, the housing market is in doldrums. The price of oil, food, airline tickets, medications, insurance, electric, cable, telephone etc are all up. The illegals are sucking up our resources and legal immigrants and Americans are losing their jobs or way of life is going down. Unemployment rate is going up and layoffs are everywhere. Some banks are in trouble and needed bailout by govt. The White House and Congress are incompetent. The DOW, Nasdaq are down. Our infrastructure such as bridges, bldgs and roads are crumbling. The dollar rate is down around the world. Our companies are transferring to China, India, UAE and Mexico and bringing thousands of jobs out our shores. Crime, prostitution and gangs roam our streets. Yes, this is America and we still think we are the best in the world. Our leaders should wake up and smell the beans and get out of la la land fairy tale everything is splendid.

rothmarkn 09:10:16 PM Jul 24 2008

DavidL7082--You're right about the mkts. They are in complete and utter turmoil to the avg investor due to the manic short selling and calculated speculating going on by big business in the name of trying to secure yet more cash. Not much the avg joe schmo can do, but MAKE SURE you are NOT heavily invested in several dangerous sectors. We know who and what they are. Very sad- to see such abuse of a system meant to give everyone equal chance to invest fairly. Eight years of deregulated morass has only aggravated all of it- for the betterment of the elite, to the detriment of the little guy. Time to call an end to it. Its up to America to say, enough.

DavidL7082 09:00:16 PM Jul 24 2008

Interesting that AOL eliminated the report in the finance section about the DOW's 300 point decline today. The reason is that they are also in bed with the predators and crooks on Wall Street. They managed to steal a bunch of your money today after they sucked you into the phony market moves the past few days. Wall Street are more dangerous to your health and well-being than Al Qaeda. Somdeay you will realize this. I keep trying to warn you. Wall Street is nothing bot predators, crooks, liars and thieves.

MizzDefy2u 08:56:00 PM Jul 24 2008

Let the GOP take a plunge come November....