What credit crisis?

iGas

Diamond Member
Feb 7, 2009
6,240
1
0
Is the credit crunch over?

Out of the blue today, one of my bank called to offer a $12,000 credit limit Visa.

Another puzzling thing is that mortgage rate is at an all time low, and banks are loaning money to people that do not have the capability to own a house, let alone a Mc mansion.
 

Slew Foot

Lifer
Sep 22, 2005
12,379
96
86
Everyone knows that the solution to lending too much money to too many idiots, is to lend even more money to an even bigger number of idiots.

 

olds

Elite Member
Mar 3, 2000
50,122
778
126
Originally posted by: Slew Foot
Everyone knows that the solution to lending too much money to too many idiots, is to lend even more money to an even bigger number of idiots.

Obama?
 

Gothgar

Lifer
Sep 1, 2004
13,429
1
0
Originally posted by: Slew Foot
Everyone knows that the solution to lending too much money to too many idiots, is to lend even more money to an even bigger number of idiots.

hahaha
 

nerp

Diamond Member
Dec 31, 2005
9,865
105
106
The credit crisis will be over when the commercial paper market is back to normal and it's not.
 

Udgnim

Diamond Member
Apr 16, 2008
3,681
124
106
Originally posted by: iGas
Is the credit crunch over?

Out of the blue today, one of my bank called to offer a $12,000 credit limit Visa.

Another puzzling thing is that mortgage rate is at an all time low, and banks are loaning money to people that do not have the capability to own a house, let alone a Mc mansion.

I'm ready for housing bubble round 2
 

jlee

Lifer
Sep 12, 2001
48,518
223
106
Originally posted by: Udgnim
Originally posted by: iGas
Is the credit crunch over?

Out of the blue today, one of my bank called to offer a $12,000 credit limit Visa.

Another puzzling thing is that mortgage rate is at an all time low, and banks are loaning money to people that do not have the capability to own a house, let alone a Mc mansion.

I'm ready for housing bubble round 2

Not yet. I need to buy a house first.
 

jlee

Lifer
Sep 12, 2001
48,518
223
106
Originally posted by: FDF12389
Originally posted by: JLee
I love cheesecake.

Cherries or no cherries?

Which is a cake, not a pie, just to be clear on that.

I didn't call it cheesepie, did I?

Cherries or no cherries?? :D
 

BoomerD

No Lifer
Feb 26, 2006
66,278
14,698
146
Originally posted by: Udgnim
Originally posted by: iGas
Is the credit crunch over?

Out of the blue today, one of my bank called to offer a $12,000 credit limit Visa.

Another puzzling thing is that mortgage rate is at an all time low, and banks are loaning money to people that do not have the capability to own a house, let alone a Mc mansion.

I'm ready for housing bubble round 2

You won't have long to wait...

http://www.businessweek.com/li...p+news+index_lifestyle
 

DaveSimmons

Elite Member
Aug 12, 2001
40,730
670
126
It depends.

Light, fluffy NY style that's tasty plain is cake.

Dense Sarah Lee style is pie. It's better with cherries.