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: Mike Johnston who wrote (89403)	12/6/2007 9:44:17 AM
From: sea_biscuit	Read Replies (1) of 110194

A whole industry would crop up that would sell advice to people on how to take advantage of the bailout. Ironically, if a responsible person who took a 30-yr fixed rate mortgage gets into trouble, there is no help for him, whereas his reckless borrower friend who took a 2/28 negative amortization ARM with a teaser rate of 1% can continue to be irresponsible and if he gets into more trouble, the government will be there to bail him out again because there will be many more like him.

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