Driving home this afternoon I was behind a small SUV that had an advertisement for a “credit repair” firm on the back. And that was specifically what the sign said:
Get the “Good CREDIT” you DESERVE
And as I drove along, I was thinking about that… it brought up a point:
Do you DESERVE good credit?
Ken Cook, not the weatherguy, is one of the Mortgage guys that I call. He is an outspoken critic of bad practices in the Mortgage Industry… as well as being a veritable library of information for consumers.
Yesterday, Ken posted
The best thing to do would be to read it before reading the date.
The Trillion Dollar Bank Shakedown That Bodes Ill for Cities
If you get curious, here are the Wiki entries for two of the mentioned entities. One Two
They aren’t the only cause for the current credit/confidence crisis… but they are a biggie.
I have been looking at the impacts from the proposed bailout… I see three possibilities:
If you haven’t been paying attention to the news, the SubPrime Meltdown/Foreclosure Crisis/Credit Crunch/Credit Crisis/Liquidity Crisis/Transparency Crisis is getting out of hand. I’ve been watching some of my sources, and they seem to think