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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (87861)	10/7/2008 1:41:22 PM
From: Little Joe	Read Replies (2) \| Respond to of 116555

I don't understand just recieved flyer from BOA offering line of credit for 50k. Got my credit card bill and enclosed a check to use for anything I want up to 30K. What is going on. Who are they not lending to. Little joe

To: SouthFloridaGuy who wrote (87861)	10/7/2008 1:54:26 PM
From: Chas.	1 Recommendation Respond to of 116555

Thanks... Long Term: Banks will not lend to consumers and businesses The U.S. economy faces a deep recession Earnings will be pressured I think the above is why they will not stabilize, unfortunately... OIOW...I think Credit Markets need to be loaning out Billions against solid collateral to stabilize. regards

To: SouthFloridaGuy who wrote (87861)	10/7/2008 7:12:32 PM
From: koan	1 Recommendation Read Replies (1) \| Respond to of 116555

Just got word this morning that housing loan credit scores have increased (680) and points are being asked for, that heretofore were not. So they bailed out wall street, but not main street, it seems to me? I thought they would put something in that package which would make it easier to sop up excess property and provide some relief for honest people just plain being hurt by this deflationary depression we seem to be facing! Instead the credit markets continue to tighten.