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I believe that the National Australian Bank recently had a $800 million writedown from US subprime exposure. No safe havens.

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I believe that the National Australian Bank recently had a $800 million writedown from US subprime exposure. No safe havens.

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I believe that the National Australian Bank recently had a $800 million writedown from US subprime exposure. No safe havens.

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I believe that the National Australian Bank recently had a $800 million writedown from US subprime exposure. No safe havens.

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I believe that the National Australian Bank recently had a $800 million writedown from US subprime exposure. No safe havens.

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[quote=Navydoc] “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction.[/quote]

If I got a penny for every time I had heard even politicians say this on the news, I wouldn’t need to wait for a downturn. To me it sounds just the same as saying “we must keep housing unaffordable”.

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[quote=Navydoc] “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction.[/quote]

If I got a penny for every time I had heard even politicians say this on the news, I wouldn’t need to wait for a downturn. To me it sounds just the same as saying “we must keep housing unaffordable”.

[34f3f3f]

[quote=Navydoc] “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction.[/quote]

If I got a penny for every time I had heard even politicians say this on the news, I wouldn’t need to wait for a downturn. To me it sounds just the same as saying “we must keep housing unaffordable”.

[34f3f3f]

[quote=Navydoc] “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction.[/quote]

If I got a penny for every time I had heard even politicians say this on the news, I wouldn’t need to wait for a downturn. To me it sounds just the same as saying “we must keep housing unaffordable”.

[34f3f3f]

[quote=Navydoc] “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction.[/quote]

If I got a penny for every time I had heard even politicians say this on the news, I wouldn’t need to wait for a downturn. To me it sounds just the same as saying “we must keep housing unaffordable”.

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Some time ago I had a similar idea of providing cash to a lender as collateral to lend back to me. Although I didn’t need a mortgage, I wanted the interest as a deductible. The bank thought it was a wonderful idea, but of course in those days they were falling over backwards to lend under any terms. I think if I’d said my income is derived from selling rocks from Mars, once I’ve built my space ship, they would have giggled delightedly and said “why of course you can have a loan”. Seriously though there are better qualified people here than me on how to structure a loan, and I echo above that you may want to wait a little longer.

[34f3f3f]

Some time ago I had a similar idea of providing cash to a lender as collateral to lend back to me. Although I didn’t need a mortgage, I wanted the interest as a deductible. The bank thought it was a wonderful idea, but of course in those days they were falling over backwards to lend under any terms. I think if I’d said my income is derived from selling rocks from Mars, once I’ve built my space ship, they would have giggled delightedly and said “why of course you can have a loan”. Seriously though there are better qualified people here than me on how to structure a loan, and I echo above that you may want to wait a little longer.

[34f3f3f]

Some time ago I had a similar idea of providing cash to a lender as collateral to lend back to me. Although I didn’t need a mortgage, I wanted the interest as a deductible. The bank thought it was a wonderful idea, but of course in those days they were falling over backwards to lend under any terms. I think if I’d said my income is derived from selling rocks from Mars, once I’ve built my space ship, they would have giggled delightedly and said “why of course you can have a loan”. Seriously though there are better qualified people here than me on how to structure a loan, and I echo above that you may want to wait a little longer.

[34f3f3f]

Some time ago I had a similar idea of providing cash to a lender as collateral to lend back to me. Although I didn’t need a mortgage, I wanted the interest as a deductible. The bank thought it was a wonderful idea, but of course in those days they were falling over backwards to lend under any terms. I think if I’d said my income is derived from selling rocks from Mars, once I’ve built my space ship, they would have giggled delightedly and said “why of course you can have a loan”. Seriously though there are better qualified people here than me on how to structure a loan, and I echo above that you may want to wait a little longer.

[34f3f3f]

Some time ago I had a similar idea of providing cash to a lender as collateral to lend back to me. Although I didn’t need a mortgage, I wanted the interest as a deductible. The bank thought it was a wonderful idea, but of course in those days they were falling over backwards to lend under any terms. I think if I’d said my income is derived from selling rocks from Mars, once I’ve built my space ship, they would have giggled delightedly and said “why of course you can have a loan”. Seriously though there are better qualified people here than me on how to structure a loan, and I echo above that you may want to wait a little longer.

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