Who's the bailout for?

So the banks get a zillion dollars for the bailout and my mortgage company won't lend us the money to buy the condo unit. Their "excuse" is that 20+% of the units are in arrears on their homeowners association fees.

Fine. If they don't want our business, we'll find another bank that does.

What burns me is that our current mortgage is with that bank and we've never been late with a payment.

So, we haven't closed on the condo, but have deferred it to the end of the year.

Gah.