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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 451.89+1.9%4:00 PM EST
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To: Ilaine who wrote (21112)8/12/2007 1:54:11 PM
From: thinkclear  Read Replies (1) of 219614
 
llaine,

Was this woman a victim of predatory lenders, circumstance:everybody else is doing it, or of her own naivety and greed?

-thinkclear

BTW -- the most "interesting" bankruptcy I've seen yet is a grocery store cashier who leveraged her home equity to or past the max and bought two more houses for investments. Now that the teaser loans have locked she has $5K in mortgages on just one of the houses.

She was grossing $40K but the grocery store cut her back to part time ($25K) because their sales have dropped.
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