Who's fault is subprime.............

[flytiger]

http://www.palmbeachpost.com/search/content/business/epaper/2008/09/29/a4b_fraud_0930.html

Here's a beaut!!!! This is what you will see in a month or so, but they'll be hedge fund manager pictures instead of mortgage brokers.

 

[poyayan]

It is everyone's fault but mine ....

 

[Trader666]

The deadbeats are all adults who failed to honor the terms of legally binding contracts they'd signed. Get it?

Quote from flytiger:

they depend on licensed pros to guide them. that's why the people are licensed. Get it?

 

[MarketMasher]

Quote from Trader666:

they were giving consumers what they wanted.

Damn right! They were giving away Free Money!!

Who wouldn't want that?

Give me all your money!! If I don't give it back to you, you can call me a deadbeat!

Why don't you be smart like all the other lenders?

 

[Trader666]

You probably also need to be protected from yourself.

Quote from MarketMasher:

Damn right! They were giving away Free Money!!

Who wouldn't want that?

Give me all your money!! If I don't give it back to you, you can call me a deadbeat!

Why don't you be smart like all the other lenders?

 

[MarketMasher]

Quote from Trader666:

You probably also need to be protected from yourself.

What's the matter? You can be as smart as the lenders. Hand over the $$$ to John Q 6Pack!
You don't even have to know anything about him! Just give him your money! He's good for it!

What? You mean - you WOULDN'T?

 

[jd7419]

Quote from Trader666:

The deadbeats are all adults who failed to honor the terms of legally binding contracts they'd signed. Get it?

Damn right. Looking at this issue in any other way is simply assisine. Adults who have to sit down and sign 40 plus pages three times each should at least have half a clue as to what they are getting themselves into. But I guess I give too much credit to the human race. Obviously flip that house and property ladder really warped their sense of reality.

 

[MarketMasher]

Quote from jd7419:

Adults who have to sit down and sign 40 plus pages three times each should at least have half a clue as to what they are getting themselves into.

So...how does signing your name in triplicate equate to understanding the math to figure out what happens when your ARM resets?

What about the clown who pulls the contract out of his briefcase to hand over for signature?

 

[Trader666]

OK, I'll loan you both $1 million but only if you meet me at the Wall Street Bull tomorrow at noon.

Quote from MarketMasher:

What's the matter? You can be as smart as the lenders. Hand over the $$$ to John Q 6Pack!
You don't even have to know anything about him! Just give him your money! He's good for it!

What? You mean - you WOULDN'T?

 

[Trader666]

What about the clown who signs something like that?

From your comments you sound like a kid who's living in his mother's basement. Does she know you're on the internet?

Quote from MarketMasher:

So...how does signing your name in triplicate equate to understanding the math to figure out what happens when your ARM resets?

What about the clown who pulls the contract out of his briefcase to hand over for signature?