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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 408.23+2.3%Dec 22 4:00 PM EST
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To: TobagoJack who wrote (30240)3/3/2008 4:36:40 AM
From: Ilaine  Read Replies (1) of 218673
 
Hi Jay -

I did wish my kids to learn Arabic for reasons which had nothing to do with tourism and everything to do with empire -

Turns out that the state of the American empire is parlous but learning Arabic is not key -

Re: bankruptcy, it appears that the issue isn't with the borrowers but the lenders. They decided to make a market for fraudulent loans and that's what they got. Chinese schnooks with money to burn and no way to decipher risk, is what it appears to me.

Many of my BK clients are "frequent fliers" which is to say repeat BK filers who ought to be bad risks, but not all. Most are first time filers, people between a rock and a hard place vis-a-vis crazy mortgages they never should have qualified for.

How did that happen? Somebody wanted to buy their loan. Who? Apparently someone in Beijing.

Why? Apparently you guys don't understand American deadbeats.

I would say that no more than 5% of Americans are deadbeats, it could be higher, but certainly a minority.

Don't make deals with them. Period. Not unless you want to pay tall muscular men with a bad attitude to make sure you get paid. That's a good enough business model if that is where you want to go, just not my own cup of tea if I can avoid it.
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