Aug. 24 (LPAC) - No one refutes that the sub-prime mortgage lenders are flat busted and rapidly going out of business. And yet, advertisements continue to appear peddling free money. The Washington Post today, asking sarcastically "What Credit Crunch? It's Still Subprime Time," pictures a few of these ads:
* Countrywide: "Refinance - no up-front cost or obligation;" * LendingTree: "$400,000 loan for $1,287/month - Refinance Today! - Save up to $400/month Bad Credit Options;" * MyRate: "Good Credit, or Poor Credit - Make it Easy to Refinance & Save - It Only Takes a Minute!"
What, me worry?