Aces High Bulletin Board

General Forums => The O' Club => Topic started by: Kaw1000 on September 25, 2008, 09:46:53 AM

Title: A letter from a Bank I do business with.
Post by: 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!!!
Title: Re: A letter from a Bank I do business with.
Post by: Dago 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".
Title: Re: A letter from a Bank I do business with.
Post by: Nwbie on September 25, 2008, 10:43:32 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.
Title: Re: A letter from a Bank I do business with.
Post by: Hap 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?