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Cattle market headed south?
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<blockquote data-quote="CPL" data-source="post: 584439" data-attributes="member: 6346"><p>Isn't that the reason why we're in this mess? Too many people getting loans that didn't have the responsibility to pay them off. I think/hope things are going to change where you do not just walk into the bank and get a loan everytime you want. Too many Americans are OK with being in debt, they just add to it and add to it. Little by little every year. A loan here a loan there, and then when they can't pay it off who suffers? Banks. Yeah alot of people aren't going to be getting loans here for a while, but its probably because in the past they've/someone else had gotten one and didn't deserve it. Its tough and it sucks but that's the way things will be.</p><p></p><p>Sorry this has nothing to do with the cattle market.</p></blockquote><p></p>
[QUOTE="CPL, post: 584439, member: 6346"] Isn't that the reason why we're in this mess? Too many people getting loans that didn't have the responsibility to pay them off. I think/hope things are going to change where you do not just walk into the bank and get a loan everytime you want. Too many Americans are OK with being in debt, they just add to it and add to it. Little by little every year. A loan here a loan there, and then when they can't pay it off who suffers? Banks. Yeah alot of people aren't going to be getting loans here for a while, but its probably because in the past they've/someone else had gotten one and didn't deserve it. Its tough and it sucks but that's the way things will be. Sorry this has nothing to do with the cattle market. [/QUOTE]
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