What happened to all the money given to the banks? I thought it was supposed to make getting a loan easier?

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I don’t know about where you live but in NJ getting a business loan is near impossible and getting a mortgage requires near perfect credit AND up to 40% down….

7 Comments
  1. Reply
    Jonnie Walker
    April 30, 2011 at 1:13 am

    government over regulation

  2. Reply
    Tag Teamed
    April 30, 2011 at 1:55 am

    My bank spent some of it on plasma Tv’s to try and sell us more crap while they weren’t serving us, the rest went on Bonuses, and why not?

    Tax payers are giving them free money, live a little I say.

  3. Reply
    annie
    April 30, 2011 at 2:34 am

    the only ones that are easier or freddy and fannie. you don’t have to qualify for a million dollar house.

  4. Reply
    aeriol7
    April 30, 2011 at 2:54 am

    It is, if you are a corporation doing business overseas you will get any loan you ask for.

  5. Reply
    Alex
    April 30, 2011 at 2:58 am

    I work in New Homes sale and let me tell you it has gotten better then what it was from two years ago. When this all started the banks just refused to make any loans. Now they are back to the way things used to be by demanding people prove they can afford the houses.

    It’s very frustrating if you got a loan during the hay-day-free-for-all loans of a few years ago. But allowing a 21 year-old with a job at pick up sticks a baby on the way, a wife who does not work and two bran new SUV payments buy a $ 550,000 with all of the fixing, is what got us into this mess in the First place.

    We are going through an adjustment period. Like a pendulum we go from one Extreme to the other and it takes time to get us back into the middle. We are starting to see more and more programs open us, with out putting people at risk and this is a good thing.

    I know it’s hard, but really it’s what has to happen to put us back where we belong and things are slowly lightening up.

  6. Reply
    Red Rooster
    April 30, 2011 at 3:30 am

    Something is wrong when banks sit on their money,and investors are stalled not knowing what the risks are. Most successful investors know exactly what percentage of risk exists but with Zerobama we only know he is 50% black and not much more!

  7. Reply
    blue317
    April 30, 2011 at 4:16 am

    The money just bailed out those who…
    1. Contribute to the Democratic Party…
    2. Those who lend to minorities…
    3. The purpose of it was not to take home from minorities deadbeats..
    4. Another form of Reparation.
    5. To get control of the housing market.

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