Your Loan Denied: Main Street Fallout of Wall Street Crisis

Goldman Sachs is a fat wall street COW at a picnic that Judges how much everyone else eats

Part of the Prob. or Part of the Solution......from the Street.Com......."All told, regulatory filings show, Longs' top five executives could score more than $45 million once the company changes hands. They simply need to leave for a "good reason" -- and relocation now counts -- in order to secure their maximum payouts."

I want a loan......I want a loan

TURN IT UP!!!

I'm in so much credit card debt I will not say I'm upset at banks for not lending me more money. My own responsibility is one thing, but the sad part is I know a LOT of people like me... what in Hades does our future look like when we're paying necessities with plastic more months than not? When you can't sell your home and you're paying 4 bucks a gallon for gas? When your retirement investments keep going south and look more like anything-but-retirement investments? It's a mean season.

We have been consuming based on wealth that did not exist. Now is collection time. The government won't be able to create wealth to compensate. It's time to take our medicine. (BTW, contrary to what the NAR has said, house prices do not always go up. Believing in this BS helped cause the problems we have today.)

just think - if Bush had his way, everyones retirement would have been completly linked to the stock market. remember that each of these toxic home loans netted the lenders thousands in fees upfront (not including points), and were certainly not discouraged by the administration, since they made the post dot-com economy look much healthier than it was. have the people who gained financially and politically paid any price? will they?

2 Words: Ron Paul

Wall street is finally getting what it so richly deserves!!! Its a grand day! Rejoice!

people have been charging vacations, tv.s in every room of the house, and designer clothes they can't afford. The Lending companys have been promoting that kind of borrowing for two decades. Now they both will want the government to bail them out. Let em sink,, lets start all over.

I love reading comments and hearing all the theories. No one knows crap and everyone is guessing. Repulblicans and Democrats are equal to blame and us the people for continuing to allow this and electing either party into power. I have to say the past three years and have been my best and this year I will earn more then I ever have and our company has never done better. So I cant complain. I am also in an adjustable rate mortage for the past 7 years. It has gone down again 100 dollars a month starting next months payment. In 7 years my rate has gone up once and down 4 times. Go get adjustable rates!!!

....And we thought all the smart cookies (read masters of the universe) ended up working for big named investment banks. Not claiming to be like those smarties, I never could understand what was it that firms like Lehman/ML/BS contributed to the economy. I guess they were basically greedy gamblers who kept believing in their own fundamentally wrong ideas.

My 9 year old is smarter then this woman. I am a mortgage broker and it has gotten better since the FRE and FNM went under. The rates are now 5.5 on a 30 Year fixed. 2 weeks ago it was 6.75% The mis information on yahoo is insane!!!

Guys, don't let economy distract you. We need to focus and win wars in Iraq and Afghanistan.

I concur with the above posts about suspending aid to foreign countries. Case #1. We gave 150 million or so dollars to columbia to fight rebels. These rebels have been getting money from the columbian government to keep the war funded and going only to gain more money from the US. Then on national tv the Columbian President says that the US is a bunch of communist bullies. Now forgive me if it's not word for word. But this is the jist of the whole thing. Why do we give money to other countries only to be blasted and decieved by them. We should use that money to pay down debt and once that is over, we can put that money in a fund to use in cases where a company goes under. The government would have the capital to buy Bears and Stearns and make it solvent only to resell it at a later date. Why not. I too was in considerable debt 3 years ago. I have paid down over 20g's in this time and will be debt free in a year. You should do the same, but yes I hate these financial institutions who arbitrarily raise your rates when you pay on time.

Rates may be lower but the spectrum of who lenders will lend to is getting smaller and smaller which means less loan volume...that is much more important to the rates to the economy overall. Also regarding Bush's 401k reform of social security. How much social security do you think you will get if the government keeps bailing out companies/banks and taking on worthless assets in return? Answer: no social security, I would rather have it in a 401k and was smart enough to sell my financials long ago (Sold LEH @ $72/share). As someone who used to work at LEH in their I-banking division I am sad to see this happen to so many people. LEHs culture seemed more well rounded with good people...the execs who made $200mm a year let down the thousands of analyst/associates working 100+ hour weeks all for nothing.

Greed, greed, greed and more greed on the backs of the hardworking Americans who suffer in the end. The rich get richer and the poor get poorer. I bet the A__ holes exs from Lehman Bros. Frannie May/Mac & Merrill all made their millions and are seating back and laughing!

I just paid off 25k in debt from over the last 15 years. I also paid off all my cars and house. The economy is what you make it. I am kicking butt right now, my 401k and IRAs will get adjusted and they will continue to grow via dividends. Politicians and wall street didn't make me poor. Some people may never realize that. Bush did however kill all the baby animals in my town last time he was here, may he rot in hell!

Let the lenders bathe in the mess they made. Allowing people to finance 100% of the purchase price of a home was a miserable idea. I remember in 2005, Ameriquest had a loan program as follows, if your credit score was above 680, the ONLY stipulation required to qualify borrowers for a home loan was to have a HAND WRITTEN LETTER stating what your job was and how much you made a month in order to get approved. I knew we were in trouble when I saw that.

Explain to me just how banks are going to make money if they do not make loans. this lady is an idiot as were all of the masters of the universe. those who say that the dems and repubs are equally to blame are smoking something. these disasters caused by lack of controls ONLY happen during repub administrations with congressional support. i really think we should now take the repubs who are saying that FDR prolonged the depression at their words and do away with FDIC, Social Security, and medicare. then we can truly appreciate the free-fall.