joe_momma
18th August 2010, 12:30 PM
Spam from Wells Fargo - odd in that I'd assumed with all the underwater real estate in my state, virtually no one would qualify. (Also I thought that the banks all stopped offering these last year).
Possible explanations - (not mutually exclusive)
1) Banksters trying to get their hooks into those few (prudent) citizens who they do not already own?
2) The Fed is pressing the banks to (forcibly) inject cash into consumers?
3) Banksters trying frantically to make money with fees & services (instead of just off the carry trade between 0% Fed money and retail loans).
I think all three - others thoughts?
:D
(email text follows)
Summer is a great time to make home improvements
Apply for a Wells Fargo Home Equity Account today
Dear ***********,
As a valued customer, you may qualify for a great low home equity interest rate — made even better with a special Wells Fargo® PMA® relationship discount of 0.375%.
A Wells Fargo Home Equity Account can help you take care of the things that matter most and provides sensible financing from the bank you can rely on:
• Potential tax–deductible interest — consult your tax advisor
• Flexible payment options
• No fees for balance transfers, cash advances, applications, appraisals, or bank closing costs
Possible explanations - (not mutually exclusive)
1) Banksters trying to get their hooks into those few (prudent) citizens who they do not already own?
2) The Fed is pressing the banks to (forcibly) inject cash into consumers?
3) Banksters trying frantically to make money with fees & services (instead of just off the carry trade between 0% Fed money and retail loans).
I think all three - others thoughts?
:D
(email text follows)
Summer is a great time to make home improvements
Apply for a Wells Fargo Home Equity Account today
Dear ***********,
As a valued customer, you may qualify for a great low home equity interest rate — made even better with a special Wells Fargo® PMA® relationship discount of 0.375%.
A Wells Fargo Home Equity Account can help you take care of the things that matter most and provides sensible financing from the bank you can rely on:
• Potential tax–deductible interest — consult your tax advisor
• Flexible payment options
• No fees for balance transfers, cash advances, applications, appraisals, or bank closing costs