you're paying for this schoolbus drivers $800k house

[empee]

http://edition.cnn.com/video/#/video/politics/2009/02/17/acosta.housing.cnn?iref=videosearch

why are the ppl who need to be bailed out live better than the people who are bailing them out.. and im not just talking about wall st.

 

[ralph00]

No chance that POS, purchased for $800K is still worth $675K ... $400K MAX.

If that whole family isn't living on the street by the end of this year, I'm leaving the country.

 

[antitrust]

Quote from negativetrend:

because RISK pays.

You fiscally conservative idiots are getting what you deserve.

Its the law of the jungle, take advantage of everything or YOU WILL LOSE.

NT

^ this

 

[Renegen]

No because you had hyper growth in asset prices over the last 20 years and people thought it will last forever.

Risk doesn't pay, CALCULATED risk pays. Risk ends you up in the poorhouse.

It's over, the asset bubbles are done for. This is a new economic order, it's obvious who is still living in 1999 and who is adjusting.

 

[gnome]

Quote from Renegen:

No because you had hyper growth in asset prices over the last 20 years and people thought it will last forever.

Risk doesn't pay, CALCULATED risk pays. Risk ends you up in the poorhouse.

It's over, the asset bubbles are done for. This is a new economic order, it's obvious who is still living in 1999 and who is adjusting.

What about us dumb schmucks living in 1959? House paid off, money in the bank, no credit card debt... why, we just a bunch of dumb farkin' azzholes...

 

[Renegen]

Quote from gnome:

What about us dumb schmucks living in 1959? House paid off, money in the bank, no credit card debt... why, we just a bunch of dumb farkin' azzholes...

This is exactly what I'm saying, borrowing freely and buying 800k houses worked up to 2008. Now that is over, and those who adjust to the way things were in 1959 will survive.

 

[antitrust]

Quote from Renegen:

No because you had hyper growth in asset prices over the last 20 years and people thought it will last forever.

Risk doesn't pay, CALCULATED risk pays. Risk ends you up in the poorhouse.

It's over, the asset bubbles are done for. This is a new economic order, it's obvious who is still living in 1999 and who is adjusting.

if you have nothing to lose and most of these people didn't, they already were negative with all their cc and car loans then it wouldn't matter how much risk you took the result of failing would be the same

 

[PocketChange]

What about the ML and BAC exec houses who received 3.6B in bonuses? We paid for their houses, hookers and drugs.

 

[gnome]

Quote from PocketChange:

What about the ML and BAC exec houses who received 3.6B in bonuses? We paid for their houses, hookers and drugs.

Yeah... Lamenting I didn't go to "CEO school" instead of science...

 

[hoodooman]

You could buy her house for 175k here in raleigh