I certainly do not get the impression that Peter Schiff is endorsing or encouraging non-payment, he is merely pointing out how strong the incentive for non-payment is. He is saying, “Here are the unintended consequences, plan as day.” There is no refuting his logic that there will be blowback for this bailout. Incidentally, Rich has been making the same arguments. I hold these truths (that the bailout will not work as advertised) to be self-evident. What never ceases to astonish me is how almost no members of congress are able to grasp these truths, even after they have been spelled out so clearly.
I wouldn’t do this now. Mortgage servicers will still foreclose on your ars. Wait till gov’t starts buying these loans from banks and then renegotiate (again).
I wouldn’t do this now. Mortgage servicers will still foreclose on your ars. Wait till gov’t starts buying these loans from banks and then renegotiate (again).
I wouldn’t do this now. Mortgage servicers will still foreclose on your ars. Wait till gov’t starts buying these loans from banks and then renegotiate (again).
I wouldn’t do this now. Mortgage servicers will still foreclose on your ars. Wait till gov’t starts buying these loans from banks and then renegotiate (again).
I wouldn’t do this now. Mortgage servicers will still foreclose on your ars. Wait till gov’t starts buying these loans from banks and then renegotiate (again).
I’m not contemplating defaulting on a mortgage. I don’t have one. My point is that I am sickened that, because I didn’t make a huge financial mistake by buying overpriced real estate, I’m going to punished for being prudent. I think the point of this article is that when you find yourself in a hole, the first thing you need to do is to stop digging. Currently the government is looking for a bigger shovel.
I’m not contemplating defaulting on a mortgage. I don’t have one. My point is that I am sickened that, because I didn’t make a huge financial mistake by buying overpriced real estate, I’m going to punished for being prudent. I think the point of this article is that when you find yourself in a hole, the first thing you need to do is to stop digging. Currently the government is looking for a bigger shovel.
I’m not contemplating defaulting on a mortgage. I don’t have one. My point is that I am sickened that, because I didn’t make a huge financial mistake by buying overpriced real estate, I’m going to punished for being prudent. I think the point of this article is that when you find yourself in a hole, the first thing you need to do is to stop digging. Currently the government is looking for a bigger shovel.
I’m not contemplating defaulting on a mortgage. I don’t have one. My point is that I am sickened that, because I didn’t make a huge financial mistake by buying overpriced real estate, I’m going to punished for being prudent. I think the point of this article is that when you find yourself in a hole, the first thing you need to do is to stop digging. Currently the government is looking for a bigger shovel.
I’m not contemplating defaulting on a mortgage. I don’t have one. My point is that I am sickened that, because I didn’t make a huge financial mistake by buying overpriced real estate, I’m going to punished for being prudent. I think the point of this article is that when you find yourself in a hole, the first thing you need to do is to stop digging. Currently the government is looking for a bigger shovel.
“Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited.” (George Soros)
“Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited.” (George Soros)
“Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited.” (George Soros)
“Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited.” (George Soros)
