SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: John Carragher who wrote (109384)4/15/2005 11:05:51 AM
From: LindyBill  Read Replies (1) | Respond to of 793725
 
it was open line of credit already established for these people.

That's what the "come on" offer to them says. But when they go to use it, they are checked. The Banks don't credit check everybody they send a direct mail piece to before they accept the offer.

You have to remember that the reporter wants a good "little people vs bad bank" article, and the people being interviewed put the best face on their tale of woe.