« previous next »
Pages: [1]   Go Down

Author Topic: A letter from a Bank I do business with.  (Read 310 times)

Offline Kaw1000

  • Silver Member
  • ****
  • Posts: 1159
A letter from a Bank I do business with.
« on: September 25, 2008, 09:46:53 AM »
Unfortunately, Current market conditions have forced us to
increase our current rates by 1.0%. Hopefully the
issues at hand nationally will be resolved and sales
will increase for our customers.

Here we go....get ready for rates to go out the roof!!!
Logged
See Rule# 5 on just about every thread!

Offline Dago

  • Parolee
  • Platinum Member
  • ******
  • Posts: 5324
Re: A letter from a Bank I do business with.
« Reply #1 on: September 25, 2008, 10:11:31 AM »
It should have said "current situations have given us a good excuse to raise our profit on your loans and credit cards".
Logged
"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chocolate in one hand, martini in the other, body thoroughly used up, totally worn out and screaming "WOO HOO what a ride!"

Offline Nwbie

  • Gold Member
  • *****
  • Posts: 2022
Re: A letter from a Bank I do business with.
« Reply #2 on: September 25, 2008, 10:43:32 AM »
Quote from: Kaw1000 on September 25, 2008, 09:46:53 AM
Unfortunately, Current market conditions have forced us to
increase our current rates by 1.0%. Hopefully the
issues at hand nationally will be resolved and sales
will increase for our customers.

Here we go....get ready for rates to go out the roof!!!

do you think your bank is one of the "at-risk" lenders that they are talking about?
I know one of the mortgages our group holds is with a "questionable" institution, we are waiting for the "we sold your note" letter.. which if the current proposed plans before Congress goes through -- i think a lot of people will be getting similar letters.
Logged
Skuzzy-- "Facts are slowly becoming irrelevant in favor of the nutjob."

Offline Hap

  • Gold Member
  • *****
  • Posts: 3908
Re: A letter from a Bank I do business with.
« Reply #3 on: September 25, 2008, 11:00:18 AM »
Kaw, you have an adjustable rate mortgage?  You talking about a home loan note?

What a lousy deal for folks: adjustable rate mortgages and anything except a defined benefit pension plan.  401K, lol.  It was all a racket to get more money into other folks' hands.  Our money at that.  Worked for many marveously.  But now chickens have come home to roost.  The big money folks are in and out.  Well, maybe not out.  We'll see.

Oh, how does privitizing social security sound now???  Who was for it from the O'Club back then?
Logged
Pages: [1]   Go Up
« previous next »