My New Blog

Credit markets have gone from fog a mirror, get a loan, to we don't believe a word you are saying, we want more proof. Our industry has gone from careless underwriting to being scared to make a decision based on common sense. Even the most credit worthy people are being denied auto loans or credit cards. To make matters even worse, folks on fixed incomes are being fleeced by credit card companies charging almost 30 percent interest.

I do not see any impact at all from the economic stimulus plan. I was watching a news program that stated a great deal of money was being spent on road signs advertising stimulus funds being used on road projects. Why is the Federal Government wasting our hard earned dollars on signs instead of potholes. 

It is my belief that all markets should be held accountable for their actions, credit markets included. If you were dumb enough to fund bad deals you should be allowed to pay for your stupid decisions by being allowed to fail. As a small business owner, I have to pay my way with no one behind me to bail me out. I don't care if you are the biggest Wall Street firm or major Insurance company, if you screwed up then you should pay the ultimate price with your demise and let the chips fall where they may. So much for my opinion, I must have woke up on the wrong side of the bed. Have a great day.