patio

Preview from Europe: Barack Market Bounce or Bump?

"The average citizen cannot get a home loan or expand his access to credit, even though it is his taxes, present and future, which is the source of the bailout funds in the first place"

I too look forward to your column, excellent content wrapped in appropriate dark humor.

To my point on above quote- the average citizen isn't trying to get more credit, they are attempting to get out of the debts they have. They are doing so by rapid down-sizing of lifestyle. Certainly it is true they have little choice, as credit card maximums have been slashed, and yes one actually has to qualify for loans these days. Shocking turn of events, eh?
Mr. Mole, sir, do not feel bad, as it seems every article keeps missing this part of the equation.