Bank Officers Bonuses

Herro fpsninja What a fantastic idea. I didn't think of that. The shame of the whole situation is the banks still are not lending. They are waiting for people to start spending money. You can't spend money on a house or business when you need a loan to help growth. I just wondered what people thought about the bailout and bonuses. Prosperous mylotting

Herro fpsninja No, I had not heard of a NINJA loan. In fact, when we applied for our house loan 30+yrs ago, we had to have all kinds of documentation. We've had to update info each time we refinanced. How come we didn't qualify for a NINJA? Because we are a responsible couple who believed in maintaining our financial obligations. We planned our final years by serving in the military and achieving a retirement income. Is it a lot, no, but better than nothing. Both of us contributed to social security and qualify for pensions. I agree with your comment. Why should my taxes be increased because the banking industry was greedy, yet that is what happened. Prosperous mylotting

Aha, yer i think its a bit ridiclous this whole bank situation, the way they used people for profit. Have you heard of a NINJA loan? It means No Income, No Job or Assets. It means they were giving loans to people they knew were not able to pay back, just to seize there home, and sell it for a profit. This worked well, until the house market collapsed, and its all there fault, why should the average joe suffer for that?

im sorry , i see now what you talking about ... its seem like another they plan to make people in your city make a suffering and indebted to the bank with collateral. you know what i mean that texladypj ... all the time in many country will get they people in hungry and suffering with out money in they account , just maybe like that i tougth

Herro sallyj I very much understand the boat you are in. My husband and I thought we planned for a comfortable retirement and then the market crashed. Fortunately some of our planning was not market related, however, our retirement is not as comfortable as we planned. What about people that did not have employment that had retirement plans. What do they do now? Prosperous mylotting

That is us, we both worked, lived reasonably, and looked to the future. I sure do not know how they manage. I had a friend who went to visit another of her friends and the older lady came to the door with her sweater on, while another neighbor did not have on a sweater and the bare armed woman did not work, scrimp or save. It was an eye opener for me, they both lived the way they felt right, i guess. I'd be the one in a sweater to save.