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CU System
In the media Metaphors and mortgage modification
MADISON, Wis. (2/14/11)--Two media reports last week on widely different topics brought up credit unions--one as a metaphor and the other as a solution in a mortgage modification request. First, the metaphor. The announcement last week that AOL was buying the Huffington Post was greeted as an oxymoron at best by Post readers. Within hours of the announcement, readers began voicing their disapproval online. There were so many that Business Insider.com (Feb. 8) wrote a story about readers' reactions. Here's part of what it reported: "Huffington Post readers even made a game of one-upping each other with metaphors that conveyed the depth of their despair about the sale. 'This feels like walking into my credit union only to find out it was bought by Bank of America,' one said. '[It's] like Carol Channing taking over for Fergie in the Black Eyed Peas. Legendary, but past the expiration date by about 10 years,' another lamented. A user with the tech analogy might have been the closest to the broader sentiment: 'It's like Friendster buying Facebook.'" In the other article, a column by personal financial columnist Harry Gross in the Philadelphia Daily News, advised a reader who had been trying to get a mortgage modification since July 2009 and was turned down repeatedly to write lawmakers or try local credit unions. "I know that too many credit inquiries can hurt your credit," Gross wrote, "but I'd like you to try for a new mortgage with two of our local credit unions. With 'too much earnings,' you should be able to get one at a rate that's appreciably lower than you have." (philly.com Feb. 10).
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