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peterb
ParticipantCouldnt tell if it included the Debt Relief Act in it? I think this act runs through 2009. Getting a 1099 for the unpaid portion would not be a fun thing. Cant BK on Uncle Sam.
peterb
ParticipantCouldnt tell if it included the Debt Relief Act in it? I think this act runs through 2009. Getting a 1099 for the unpaid portion would not be a fun thing. Cant BK on Uncle Sam.
peterb
ParticipantCouldnt tell if it included the Debt Relief Act in it? I think this act runs through 2009. Getting a 1099 for the unpaid portion would not be a fun thing. Cant BK on Uncle Sam.
peterb
ParticipantI think fractional reserve is mostly a good thing. But it’s like a friendly pit bull. It’s all great until it turns on you, then it’s a world of hurt. When any business is allowed to operate at a ratio of 30 to 1 for cash outlays, it needs to be very highly and closely regulated. Because if it goes off the tracks, it’s a huge train wreck. And here we are. 5 solid years of highly unregulated fractional reserve lending. Ka BOOM!!!!
peterb
ParticipantI think fractional reserve is mostly a good thing. But it’s like a friendly pit bull. It’s all great until it turns on you, then it’s a world of hurt. When any business is allowed to operate at a ratio of 30 to 1 for cash outlays, it needs to be very highly and closely regulated. Because if it goes off the tracks, it’s a huge train wreck. And here we are. 5 solid years of highly unregulated fractional reserve lending. Ka BOOM!!!!
peterb
ParticipantI think fractional reserve is mostly a good thing. But it’s like a friendly pit bull. It’s all great until it turns on you, then it’s a world of hurt. When any business is allowed to operate at a ratio of 30 to 1 for cash outlays, it needs to be very highly and closely regulated. Because if it goes off the tracks, it’s a huge train wreck. And here we are. 5 solid years of highly unregulated fractional reserve lending. Ka BOOM!!!!
peterb
ParticipantI think fractional reserve is mostly a good thing. But it’s like a friendly pit bull. It’s all great until it turns on you, then it’s a world of hurt. When any business is allowed to operate at a ratio of 30 to 1 for cash outlays, it needs to be very highly and closely regulated. Because if it goes off the tracks, it’s a huge train wreck. And here we are. 5 solid years of highly unregulated fractional reserve lending. Ka BOOM!!!!
peterb
ParticipantI think fractional reserve is mostly a good thing. But it’s like a friendly pit bull. It’s all great until it turns on you, then it’s a world of hurt. When any business is allowed to operate at a ratio of 30 to 1 for cash outlays, it needs to be very highly and closely regulated. Because if it goes off the tracks, it’s a huge train wreck. And here we are. 5 solid years of highly unregulated fractional reserve lending. Ka BOOM!!!!
peterb
ParticipantIt also very easy for someone who benefits from real estate transactions to recommend people take action no matter what the outcome. “…to sit in a dark corner full of fear..” This is a completely non-analytical statement.
Consider the source and follow the money.
peterb
ParticipantIt also very easy for someone who benefits from real estate transactions to recommend people take action no matter what the outcome. “…to sit in a dark corner full of fear..” This is a completely non-analytical statement.
Consider the source and follow the money.
peterb
ParticipantIt also very easy for someone who benefits from real estate transactions to recommend people take action no matter what the outcome. “…to sit in a dark corner full of fear..” This is a completely non-analytical statement.
Consider the source and follow the money.
peterb
ParticipantIt also very easy for someone who benefits from real estate transactions to recommend people take action no matter what the outcome. “…to sit in a dark corner full of fear..” This is a completely non-analytical statement.
Consider the source and follow the money.
peterb
ParticipantIt also very easy for someone who benefits from real estate transactions to recommend people take action no matter what the outcome. “…to sit in a dark corner full of fear..” This is a completely non-analytical statement.
Consider the source and follow the money.
peterb
ParticipantIt’s not about calling a bottom. Who knows when that will come? Who knows how long the market will stay at the bottom before it ever starts to rise. Real estate moves at a very slow pace. Investment 101, follow the trend. Why get into this market before it shows any sign of improving? You can easily time the real estate market. It does not turn on a dime.
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