The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: John Vosilla who wrote (50998)	1/23/2006 4:11:56 PM
From: shades	Read Replies (1) of 110194

Zero savings, high cost of living, negative ARM's with growing mortgage balances Phil said again today - that Bank of America went to bush, made it where the people cant write off the loans - therefore by law the banks cant write off the loan - therefore no bad earnings - foreign money keeps coming in - so like japan - all these loans will stay on the books and never be written off. Consumer Protection Act - HAHA! Too funny. These arms will turn into 100 year multigenerational stuff like happened in japan probably - hehe. Protect earnings for the bank act! 85% of bankrupting against them is medical bills - so we just KILLED a lot of citizens!

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