Great article and I can attest that it is true. 2 wks ago in the midst of the crisis, I bought a new car, financed through my bank, a not so small regional bank, but a place where I have my checking account, savings account and mortgage and whose branch is less than a mile away from my house. There was no "credit crisis anxiety", the loan officer took a look at our 20+ year history with the bank and basically told us on the spot to get the car. When I was stuck in traffic on the way to close the loan and feared the bank would be closed when I got there, I called and they said take your time, they would be there whenever I got there. Great customer service. By the way, I'm in Michigan, not Kansas, but still pretty far away from Wall St.
I felt the same as others when I heard the local airwaves filled with ads for quick financing, no down payment, no problem even if you had bad credit. I scratched my head and wondered how many of those loans would go belly up. Now we all know.
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Today's Featured Article - Talk of the Town: The Saga of Grandpa's Tractor - by The following saga is from the Tractor Talk Discussion Forum. Someone. The saga starts with the following message: Hey guys I have a decision to make. I know what you all will probably suggest and it will probably agree with me way down inside, but here it is. I have a picture blown up and framed in my "tractor room" of a Farmall M. It was my Grandpa's tractor, of which whom I never got to meet. He froze to death getting this tractor out of the barn to pull a truck out of the ditch before I was born. Anyway my dad and aunt had to sell it at the auction,
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