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Technology Stocks : The New (Profitable) Ramtron

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To: makeuwonder who wrote (230)3/11/2008 10:53:44 AM
From: Woody_Nickels  Read Replies (2) of 647
 
Why not lower interest rates to 6%?
Because that's TOO LOW.

I've been paying a mortgage for over 20 yrs.
and my interest rate has never been below 6.875%,
and average wages were lower.
If I could do it, so can these current fools.
These fools might have to give up their BMW and
PS3. Well, too bad. Can you live in a PS3?
How comfortable is sleeping in a BMW? Get real.

The problem is that the banks treated interest
rates like fees. They think they can play with
interest like they play with fees. Well, they
can't. Who are they kidding... No principal
loans?... jumbo loans to a family making $25K/yr.?
...ARMS at interest rate LOWS?... Shorting phantom
shares? And these are the financial illuminati of
this country? What a bunch of JERKS.

The banks are GREEDY SOBs and deserve to go broke,
or at least learn to live on a budget like the rest of us.

JMHO

Woody

Not to mention that a lot of these foreclosures are
house flippers and second homes that people can do
without anyway. If you 'invested' for profit, you
should take your lumps and not get a bailout interest
rate. I want a house at the beach, too, but I have
to earn it.
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