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HLS
ParticipantThey already tried that in 2002-2006. It didn’t work, and it won’t happen again.
Someone/somewhere has to pony up cash to float that instrument, and there aren’t people standing in line to buy MBS these days, regardless of bond ratings.
The party is over, the easy girls have all left.
It’s time to pay the piper. Lots of people are going to have a hangover in the morning, and their headache isn’t going away anytime soon, in fact it’s going to get worse.
ParticipantThe big boys have already said that they will do whatever it takes to clean up the aftermath of the party.
Think about Times Square on New Years Day. The party was fun, but what a mess to clean up.Even if they lower rates to 0%, (which won’t happen)
Joe6pack still owes $500K on a house worth $350 today.The 100% financing that they bought with is no longer available. The pool of potential buyers has disappeared from the horizon, like cockroaches that scramble when the lights go on. They are nowhere in sight.
The house is unsaleable for more than 65% of what they owe.
It’s only a matter of time until walking away becomes the only option, regardless of what the DC clan is saying about wanting to help homeowners save their piece of the American dream.Like a bottle of milk well past its expiration date, the American dream has soured for many, and will never taste the same. You can’t restore the flavor after it has curdled.
ParticipantThe big boys have already said that they will do whatever it takes to clean up the aftermath of the party.
Think about Times Square on New Years Day. The party was fun, but what a mess to clean up.Even if they lower rates to 0%, (which won’t happen)
Joe6pack still owes $500K on a house worth $350 today.The 100% financing that they bought with is no longer available. The pool of potential buyers has disappeared from the horizon, like cockroaches that scramble when the lights go on. They are nowhere in sight.
The house is unsaleable for more than 65% of what they owe.
It’s only a matter of time until walking away becomes the only option, regardless of what the DC clan is saying about wanting to help homeowners save their piece of the American dream.Like a bottle of milk well past its expiration date, the American dream has soured for many, and will never taste the same. You can’t restore the flavor after it has curdled.
ParticipantThe big boys have already said that they will do whatever it takes to clean up the aftermath of the party.
Think about Times Square on New Years Day. The party was fun, but what a mess to clean up.Even if they lower rates to 0%, (which won’t happen)
Joe6pack still owes $500K on a house worth $350 today.The 100% financing that they bought with is no longer available. The pool of potential buyers has disappeared from the horizon, like cockroaches that scramble when the lights go on. They are nowhere in sight.
The house is unsaleable for more than 65% of what they owe.
It’s only a matter of time until walking away becomes the only option, regardless of what the DC clan is saying about wanting to help homeowners save their piece of the American dream.Like a bottle of milk well past its expiration date, the American dream has soured for many, and will never taste the same. You can’t restore the flavor after it has curdled.
ParticipantThe big boys have already said that they will do whatever it takes to clean up the aftermath of the party.
Think about Times Square on New Years Day. The party was fun, but what a mess to clean up.Even if they lower rates to 0%, (which won’t happen)
Joe6pack still owes $500K on a house worth $350 today.The 100% financing that they bought with is no longer available. The pool of potential buyers has disappeared from the horizon, like cockroaches that scramble when the lights go on. They are nowhere in sight.
The house is unsaleable for more than 65% of what they owe.
It’s only a matter of time until walking away becomes the only option, regardless of what the DC clan is saying about wanting to help homeowners save their piece of the American dream.Like a bottle of milk well past its expiration date, the American dream has soured for many, and will never taste the same. You can’t restore the flavor after it has curdled.
ParticipantThe big boys have already said that they will do whatever it takes to clean up the aftermath of the party.
Think about Times Square on New Years Day. The party was fun, but what a mess to clean up.Even if they lower rates to 0%, (which won’t happen)
Joe6pack still owes $500K on a house worth $350 today.The 100% financing that they bought with is no longer available. The pool of potential buyers has disappeared from the horizon, like cockroaches that scramble when the lights go on. They are nowhere in sight.
The house is unsaleable for more than 65% of what they owe.
It’s only a matter of time until walking away becomes the only option, regardless of what the DC clan is saying about wanting to help homeowners save their piece of the American dream.Like a bottle of milk well past its expiration date, the American dream has soured for many, and will never taste the same. You can’t restore the flavor after it has curdled.
February 1, 2008 at 11:25 PM in reply to: 60% off at temecula auction and conclusive evidence that I’m an idiot #146907ParticipantTG,
This was just the 1st van of cheerleaders to show up at the bar..It’s about 8:45pm now.
There are still busloads coming, and last call is still 5 hours away. These are only the teasers of what is to come.The bar is stocked, the pickings will only get better. Just decide what time you need to be out the door, and keep an eye on the clock.
Don’t be distracted by the 7’s and 8’s…. your 10 will show up.
February 1, 2008 at 11:25 PM in reply to: 60% off at temecula auction and conclusive evidence that I’m an idiot #147151ParticipantTG,
This was just the 1st van of cheerleaders to show up at the bar..It’s about 8:45pm now.
There are still busloads coming, and last call is still 5 hours away. These are only the teasers of what is to come.The bar is stocked, the pickings will only get better. Just decide what time you need to be out the door, and keep an eye on the clock.
Don’t be distracted by the 7’s and 8’s…. your 10 will show up.
February 1, 2008 at 11:25 PM in reply to: 60% off at temecula auction and conclusive evidence that I’m an idiot #147176ParticipantTG,
This was just the 1st van of cheerleaders to show up at the bar..It’s about 8:45pm now.
There are still busloads coming, and last call is still 5 hours away. These are only the teasers of what is to come.The bar is stocked, the pickings will only get better. Just decide what time you need to be out the door, and keep an eye on the clock.
Don’t be distracted by the 7’s and 8’s…. your 10 will show up.
February 1, 2008 at 11:25 PM in reply to: 60% off at temecula auction and conclusive evidence that I’m an idiot #147187ParticipantTG,
This was just the 1st van of cheerleaders to show up at the bar..It’s about 8:45pm now.
There are still busloads coming, and last call is still 5 hours away. These are only the teasers of what is to come.The bar is stocked, the pickings will only get better. Just decide what time you need to be out the door, and keep an eye on the clock.
Don’t be distracted by the 7’s and 8’s…. your 10 will show up.
February 1, 2008 at 11:25 PM in reply to: 60% off at temecula auction and conclusive evidence that I’m an idiot #147250ParticipantTG,
This was just the 1st van of cheerleaders to show up at the bar..It’s about 8:45pm now.
There are still busloads coming, and last call is still 5 hours away. These are only the teasers of what is to come.The bar is stocked, the pickings will only get better. Just decide what time you need to be out the door, and keep an eye on the clock.
Don’t be distracted by the 7’s and 8’s…. your 10 will show up.
ParticipantThe country needs an enema, and it’s coming.
There needs to be a cycle to get people back to reality, without falling victim to marketing and supporting the economy.
1960’s wasnt that long ago, but WOW have attitudes changed.
The expectations and insisting on immediate gratification of several generations needs to be dealt with.
Psychology changed quickly about buying houses, wait until it changes about “investing” in stocks. Watch out below.
ParticipantThe country needs an enema, and it’s coming.
There needs to be a cycle to get people back to reality, without falling victim to marketing and supporting the economy.
1960’s wasnt that long ago, but WOW have attitudes changed.
The expectations and insisting on immediate gratification of several generations needs to be dealt with.
Psychology changed quickly about buying houses, wait until it changes about “investing” in stocks. Watch out below.
ParticipantThe country needs an enema, and it’s coming.
There needs to be a cycle to get people back to reality, without falling victim to marketing and supporting the economy.
1960’s wasnt that long ago, but WOW have attitudes changed.
The expectations and insisting on immediate gratification of several generations needs to be dealt with.
Psychology changed quickly about buying houses, wait until it changes about “investing” in stocks. Watch out below.
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