Posted by Steven f/AZ on May 04, 2009 at 13:03:45 from (216.67.213.217):
In Reply to: OT UAW posted by JML755 on May 04, 2009 at 11:18:03:
JML755 said: (quoted from post at 11:18:03 05/04/09)... financial crisis (sub-prime mortgage meltdown) that led to a credit crisis (couldn't get a car loan even if you WANTED to buy a car)...
Who were these people that "couldn't" get a loan even if they wanted to?
Those of us who managed our credit wisely have been able to get loans, credit cards, mortgages, etc. without a hiccup at all. We walked into the bank and took out a sizeable unsecured personal loan with no trouble at all - the banker even asked, "Are you sure that's all you need?"
I guess I've never figured out where this "credit freeze" actually occurred...
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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