The big banks have just received billions of dollars in government money to lend out to people around the country who need a helping hand.
Don’t forget that they have been given free money and the ability to borrow at .25% despite being proven to be one of the biggest credit risks by losing billions of dollars during deregulation in the last 10 years.
Are there any new banking programs for people who need a lower rate in these troubled times? Or did these banks just pocket the money so they can ride out the storm in a nice government shelter while the rest of us are forced to swim the tidal wave?
We have a good income. We make our payments on time. We’ve been making payments on all sorts of debt for many years. Now is our chance to consolidate that debt at a low interest rate, deducting that interest from our taxes, and possibly have the ability to make improvements on our house. If that isn’t enough to get a loan, I don’t know who in the world would qualify.
Take me to the land where everyone is a millionaire–even the millionaires who were saved by a government bail-out–because it seems as only the wealthy deserve “equal” treatment.
Richard Zuercher
