Wednesday, October 01, 2008

Have you catched that? ATT unable to borrow short term (30 or 60 days), it's the sign we're running out of time....if a major company can only borrow overnight... I have heard that Rep Jackson could add 14 votes if a piece of legislation for foreclosures procedures was added to the plan.
When you know what's in some of those contracts (prime + 4 or more), I remember an ederly lady shown on CNN about to loose her home with a true ugly contract sold by someone "a financial adviser" who used to visit her....and had offered this great loan to reimburse some small loans at a decent rate this lady had with her bank....
I guess it would be no "bail out" if the legislator stepped in with a piece of legislation when obviously vulnerable people have been targeted.
What do you say?

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