Isn't crazy how there was yet another Interest Rate decrease, but yet everyone is standing still?
How, I don't know maybe I'm venting or moody or I don't know, but it seems to me that Bernake, Greenspan, These Politicians etc...They say they are smart want to solve our Economy issues etc...Yet they cut the Interest Rate down and wonder why nothing is jump starting our Economy, World Economy and People confidence!
I'll tell you why...because we are in a "Credit Crunch" How are people supposed to re-fi or buy a home if the "Lenders" guidelines have tightened so much you can't stick a needle through it! Duh! This is simple, give a little slack to "Lenders" I'm not saying go all creative again and some stupid lending practices that existed before, but let's go back to common sense lending!
Lets go back to if you have a decent credit score and make enough money and can live within your means, then you buy a house! Not these stupid "I work at Taco Bell as a cashier and now I own a $500k home"! Let's go back to hey you qualify for a $150k mortgage and that what you can afford and presto, you have a new house!
How are people/consumers supposed to have confidence if if "Big Wigs" making decisions don't!
It's time for them to get their head out of their butts and do something and do something now, doing it next year is to late!
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