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So she'd be crazy not to get in debt over her head? And given the events of the last year you still believe that? When you grow up you'll either see things differently or, if not, remain a childish, irresponsible assclown.
Quote from spinn:

In the real world that lady would of been crazy NOT to take that loan.
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So if you could make a trade with no downside, you wouldnt do it?

You really expect people to walk away from no risk money?

I agree with most here...you seem mentally ill......let it go.
 
I believe Trader 666 was a mortgage broker during the “BOOM YEARS” and is now pissed-off he can’t find any old poor lady to con into a make-believe mortgage.

The GOOD OLD DAYS mortgage brokering: when an idiot like Trader 666 could make $100k a year selling bad mortgages to an old poor lady and now today his new job line;

“Do you want that value meal up-sized?”
 
It's not a trade, assclown, it's a contract. Which I wouldn't expect an immature, irresponsible POS like you to understand.

You're a skid mark on society's collective underwear... go hump someone else's leg.
Quote from spinn:

So if you could make a trade with no downside, you wouldnt do it?
More...
 
So that's what you do now? Let me tell you... with the stupidity you've displayed in your posts that's about all you're fit for.

Here's a tip for you: if you can't get the concept of personal responsibility you'll NEVER succeed at trading. So grow up and maybe you'll finally succeed at something:p
Quote from timcar:

“Do you want that value meal up-sized?”
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Here u go trader6
The lady is an individual, if she screws up she mainly only hurts herself, it isn't a national problem. People have been going bankkrupt forever and will continue to do so. Right now there is someone who will take a loan from you and not pay it back, news flash it isn't their fault if your dumb enough to lend them the money.
Now the mortgage industry along with the investment banks and AIG, well you know don't you, their lies and greed have hurt all of us on a grand scale. That my friend is why the mistakes of the large banks are bigger than the mistakes of the small borrower.
 
Borrow $5000 from Guido, don't pay it back and test your theory :p
Quote from bigarrow:

Right now there is someone who will take a loan from you and not pay it back, news flash it isn't their fault if your dumb enough to lend them the money.
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Not true collectively. Without borrowers there would have been exactly zero loans.
Quote from bigarrow:

That my friend is why the mistakes of the large banks are bigger than the mistakes of the small borrower.
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I didn't watch the show, but I assume the house is in foreclosure? There are two sides to every contract and the fact that many banks are being over run in foreclosures is a sign they didn't do their job in managing the risk. And so they pay for it(LOL read bailed out). Five years ago you could easily call anyone who foreclosed a deadbeat moron, but the evidense is mounting that the financial sector has failed in the responsibility to protect the value of its assets.
 
Quote from spinn:

In the real world that lady would of been crazy NOT to take that loan.

If, by some miracle, she somehow doubled her income and managed to pay the loan, she is building real wealth. If not, there is no downside other than bad credit.

I was a loan officer for a while too and we were basically paid to lie....I only lasted a few months as that is not me.

We had "good" appraisers.....who added about 25% to the value of a property to make the deal work.
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not to mention she would have been a genuis had her property gone up in value and she sold on one hell of a leverage play....Even samrt mo-fo's who understood the loans saw this as an opportunity to make some mula...
 
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