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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Broken_Clock who wrote (51344)1/25/2006 2:00:21 PM
From: John Vosilla  Read Replies (1) of 110194
 
"If a lender can con an ignorant dufus into a no doc 106% ARM and make a $15k payday while he/she is at it...what's the problem?"

And don't forget he gets to funnel the junk through Fannie/Freddie and let the tax payer bagholders foot the bill. Socializied 'ownership society' scheme under complete Republican control. F**ing amazing what my grand old party has come too..
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