Real Estate Crash! ARMs due & people goin' broke!

[JR]

Originally Posted by Hammer

What was that about better being silent than being thought a fool? Moron.

btw. My IQ is way above average and after 49 years, I have plenty of life experience.

for example... you say someone taking advantage of foreclosures is profiting from others misery. well my "IQ well above average" dipshit friend... foreclosed is foreclosed. if someone can't meet their financial obligations under the terms which they agreed to when they borrowed someone elses hundreds of thousands of dollars... they lose. end of story. it doesn't matter who steps in and pays off or takes over the note whether its the bank or another investor as it does not stop the event itself.

credit has to be paid back one way or another for the system to exist and function, but then again... i'm sure you knew that because with your outstanding IQ, you understand the basic principles of macro and micro economics.