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Bailing banks out no good

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  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
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Prior to World War II, the average pay by the week was less than $50. New automobiles sold for less than $1,000. A fine home on a large lot was priced on average at $8,000.  One acre building lots could be bought for $60.  The banks would loan money to qualified buyers for 3 percent interest.  To qualify, a person had to have one-third of the price, cash in hand. Most workers during that time had little or no savings and might reach middle age before he could afford a house or a new car.

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