The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (164505)	11/15/2008 1:14:45 PM
From: Elroy Jetson	Read Replies (2) of 306849

You've taken some really bad pharmaceuticals. Countrywide, Washington Mutual, Wachovia, and Downey Savings & Loan (among others) made 100% mortgages to would be home owners, without verification of their income, and the option to skip any 36 payments - usually the first 36. GM even created a subsidiary to lend home owners 125% of the value of their home. And you're suffering under the delusion that some mysterious unnamed regulator made them do this. Once your hallucinations wear off you'll be so humiliated that you posted this nonsense. It makes you sound like an imbecile. .

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