Forum Replies Created
-
AuthorPosts
-
dontfollowtheherd
ParticipantGraham,
Securitized mortgages sound all well and good but too much of the devil is in the details. There’s a bit too much murkiness in the bath water for me to dip my toes in. What happens if they sell these loans to a third party? Are they still secure? Liar loans are prevalent and predominant and it’s going to take quite a while to figure out who is legit. We’re in this mess in large part due to greed creating an over-abundant pool of mortgage-backed securities that were based on “creative” financing imo. Check out this link:
ParticipantGraham,
Securitized mortgages sound all well and good but too much of the devil is in the details. There’s a bit too much murkiness in the bath water for me to dip my toes in. What happens if they sell these loans to a third party? Are they still secure? Liar loans are prevalent and predominant and it’s going to take quite a while to figure out who is legit. We’re in this mess in large part due to greed creating an over-abundant pool of mortgage-backed securities that were based on “creative” financing imo. Check out this link:
ParticipantGraham,
Securitized mortgages sound all well and good but too much of the devil is in the details. There’s a bit too much murkiness in the bath water for me to dip my toes in. What happens if they sell these loans to a third party? Are they still secure? Liar loans are prevalent and predominant and it’s going to take quite a while to figure out who is legit. We’re in this mess in large part due to greed creating an over-abundant pool of mortgage-backed securities that were based on “creative” financing imo. Check out this link:
ParticipantGraham,
Securitized mortgages sound all well and good but too much of the devil is in the details. There’s a bit too much murkiness in the bath water for me to dip my toes in. What happens if they sell these loans to a third party? Are they still secure? Liar loans are prevalent and predominant and it’s going to take quite a while to figure out who is legit. We’re in this mess in large part due to greed creating an over-abundant pool of mortgage-backed securities that were based on “creative” financing imo. Check out this link:
Participantpatientlywaiting,
That would be something eh? I’m with Ex-SD on this one. I’m tired of them trying to squeeze whatever they can out of us – it’s time to turn the tables on these bastards. People need to press the pols at their campaign stops on how much they are going to give out of their pockets to help out “those poor unwitting fools who had no idea they were buying houses they had no business even thinking about buying”. I’d like to see an Op-ed piece in a major newspaper proposing a politician and/or government employee-led bailout of the GF’s….hah!
Participantpatientlywaiting,
That would be something eh? I’m with Ex-SD on this one. I’m tired of them trying to squeeze whatever they can out of us – it’s time to turn the tables on these bastards. People need to press the pols at their campaign stops on how much they are going to give out of their pockets to help out “those poor unwitting fools who had no idea they were buying houses they had no business even thinking about buying”. I’d like to see an Op-ed piece in a major newspaper proposing a politician and/or government employee-led bailout of the GF’s….hah!
Participantpatientlywaiting,
That would be something eh? I’m with Ex-SD on this one. I’m tired of them trying to squeeze whatever they can out of us – it’s time to turn the tables on these bastards. People need to press the pols at their campaign stops on how much they are going to give out of their pockets to help out “those poor unwitting fools who had no idea they were buying houses they had no business even thinking about buying”. I’d like to see an Op-ed piece in a major newspaper proposing a politician and/or government employee-led bailout of the GF’s….hah!
Participantpatientlywaiting,
That would be something eh? I’m with Ex-SD on this one. I’m tired of them trying to squeeze whatever they can out of us – it’s time to turn the tables on these bastards. People need to press the pols at their campaign stops on how much they are going to give out of their pockets to help out “those poor unwitting fools who had no idea they were buying houses they had no business even thinking about buying”. I’d like to see an Op-ed piece in a major newspaper proposing a politician and/or government employee-led bailout of the GF’s….hah!
Participantpatientlywaiting,
That would be something eh? I’m with Ex-SD on this one. I’m tired of them trying to squeeze whatever they can out of us – it’s time to turn the tables on these bastards. People need to press the pols at their campaign stops on how much they are going to give out of their pockets to help out “those poor unwitting fools who had no idea they were buying houses they had no business even thinking about buying”. I’d like to see an Op-ed piece in a major newspaper proposing a politician and/or government employee-led bailout of the GF’s….hah!
ParticipantThis is more “beating the bushes” talk. Millions of taxpayers would revolt if this is proposed as an option. As previously noted, it would take 150 billion to make a dent – one more thing our government can’t pay the interest on. Now if they want to co-sign these loans out of every politician’s and supporting staff’s pension or retirement plan I’m more than willing to listen.
ParticipantThis is more “beating the bushes” talk. Millions of taxpayers would revolt if this is proposed as an option. As previously noted, it would take 150 billion to make a dent – one more thing our government can’t pay the interest on. Now if they want to co-sign these loans out of every politician’s and supporting staff’s pension or retirement plan I’m more than willing to listen.
ParticipantThis is more “beating the bushes” talk. Millions of taxpayers would revolt if this is proposed as an option. As previously noted, it would take 150 billion to make a dent – one more thing our government can’t pay the interest on. Now if they want to co-sign these loans out of every politician’s and supporting staff’s pension or retirement plan I’m more than willing to listen.
ParticipantThis is more “beating the bushes” talk. Millions of taxpayers would revolt if this is proposed as an option. As previously noted, it would take 150 billion to make a dent – one more thing our government can’t pay the interest on. Now if they want to co-sign these loans out of every politician’s and supporting staff’s pension or retirement plan I’m more than willing to listen.
ParticipantThis is more “beating the bushes” talk. Millions of taxpayers would revolt if this is proposed as an option. As previously noted, it would take 150 billion to make a dent – one more thing our government can’t pay the interest on. Now if they want to co-sign these loans out of every politician’s and supporting staff’s pension or retirement plan I’m more than willing to listen.
-
AuthorPosts