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JWM in SD
ParticipantI feel your pain but don’t expect much sympathy here for your plight. J6Pack is going to have to learn the hard way and he better not freaking ask me to bail him out!!!!
ParticipantI feel your pain but don’t expect much sympathy here for your plight. J6Pack is going to have to learn the hard way and he better not freaking ask me to bail him out!!!!
ParticipantBugs,
Do you know Todd Lackner?? The appraiser noted in the NC Times article who cooperating with the FBI on cash back mortgage schemes in SD??
ParticipantBugs,
Do you know Todd Lackner?? The appraiser noted in the NC Times article who cooperating with the FBI on cash back mortgage schemes in SD??
ParticipantUhh, the lenders are the ones who pulled the plug on the brokers. Merrill Lynch is like the grim reaper of subprime lenders. They pulled the plug on New Century post haste when they figured out that the loans they were buying were garbage. It is the lenders pulling the plugs.
ParticipantUhh, the lenders are the ones who pulled the plug on the brokers. Merrill Lynch is like the grim reaper of subprime lenders. They pulled the plug on New Century post haste when they figured out that the loans they were buying were garbage. It is the lenders pulling the plugs.
ParticipantSorry, but you’re not fooling anyone here with that canard. The FED is not going to save your overpriced, debtladen lifestyle by hyperinflating and monetizing your gains. That’s not in their best interest. Their primary responsiblity is to protect the USD or we lose reserve currency status (oil denominated in USD)…period…end of discussion.
We have already had massive inflation in the form of M3 credit liquidity growth the manifistation of which was the housing bubble. Eventually, people can no longer service the debt loads and the foreclosure rate spikes are proving that we are at that point.
The only place we are headed for is Asset Price Deflation and Credit Destruction. We are already 77 dead lenders into the latter.
ParticipantSorry, but you’re not fooling anyone here with that canard. The FED is not going to save your overpriced, debtladen lifestyle by hyperinflating and monetizing your gains. That’s not in their best interest. Their primary responsiblity is to protect the USD or we lose reserve currency status (oil denominated in USD)…period…end of discussion.
We have already had massive inflation in the form of M3 credit liquidity growth the manifistation of which was the housing bubble. Eventually, people can no longer service the debt loads and the foreclosure rate spikes are proving that we are at that point.
The only place we are headed for is Asset Price Deflation and Credit Destruction. We are already 77 dead lenders into the latter.
ParticipantHear, Hear. This is what I have been saying for over a year now. Once the MSM gets it’s teeth into the story, then they will not let it go…like a pit bull. It will make for too good a story and they won’t be able to ignore it anymore. It’s at that point that J6Pack will finally get it and start to really panic.
ParticipantHear, Hear. This is what I have been saying for over a year now. Once the MSM gets it’s teeth into the story, then they will not let it go…like a pit bull. It will make for too good a story and they won’t be able to ignore it anymore. It’s at that point that J6Pack will finally get it and start to really panic.
ParticipantYeah, how about New Century…oh yeah, nevermind. How about Accredited Home lenders maybe???
ParticipantYeah, how about New Century…oh yeah, nevermind. How about Accredited Home lenders maybe???
ParticipantHear, hear Dr Chaos. Finally someone on this is who gets it instead of sticking their head in sand.
ParticipantHear, hear Dr Chaos. Finally someone on this is who gets it instead of sticking their head in sand.
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