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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SGJ who wrote (150197)	9/25/2008 11:32:49 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

i just bot a new car a couple of months ago, no problem whatsover getting financing from chase or my local bank...i did have a bit of interest rate negotiating 'power'....chase lowered the rate to compete with the rate pre-approved for me from usbank

To: SGJ who wrote (150197)	9/25/2008 11:37:35 AM
From: Smiling Bob	Read Replies (2) \| Respond to of 306849

STL on NBR last night --- GURVEY: But that doesn't mean the system will come to a complete standstill. New York's 80-year old Sterling National Bank (STL) ran an ad in today's Wall Street Journal titled, "What Credit Crunch?" The ad says Sterling continues to provide financing for growing businesses. President John Millman says Sterling can still make loans because it avoided the traps others fell into. JOHN MILLMAN, PRESIDENT, STERLING NATIONAL BANK: We do not do exotic things. We do not have involvement with subprime lending. We don't do home equity loans. We don't do auto leasing. We're not a retail bank. We're a business bank. pbs.org --- It's out there. They're just reverting back to the old days of credit when you needed to prove you can repay.