What if someone says “Your planets are not in a favorable position”? Would you ever mind giving a thought to it? Well, I wouldn’t have cared but with US financial market facing a credit crunch and the people going through financial hassles, it seems that indeed we are all under the influence of some planets…

It all started with the risky borrowers getting qualified for home loans…the rest of the story? Well, many of them have defaulted on their loans; as it is, they have been under the evil influence of the credit score planet (just kidding :) ), and added on to this, there has been a fall in the home prices also. So, homes are not easily selling in the market and as such homeowners not able to pay back their loans from the sale proceeds.

The result…mortgage companies like the American Home Mortgage who’ve never worked with people with shaky credit have now gone for filing bankruptcy… such is the effect of the planets. Adding to this, investors have stopped purchasing bonds and stocks from banks and the banks who’ve offered the funds for the loans, now want their money back from lenders. Therefore, lenders who have promised to make several dollars of loans have suddenly backed out of the deals.

So, that’s the entire story.. people are in financial trouble. Some blame it on planets saying their positions aren’t good enough for them..the rest is simply blaming it on lenders and cursing themselves for dreaming something big to do with the money they’ve received as credit.

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