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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (37385)	7/31/2005 3:15:30 PM
From: jackjc	Read Replies (1) \| Respond to of 110194

Ahem; lt people with mucho PM's like CKG. etc, are not middle class, they are the next nouveau riche class.......!!!!!!

To: loantech who wrote (37385)	7/31/2005 3:58:03 PM
From: Tommaso	Read Replies (1) \| Respond to of 110194

I have been f&c for about three years so maybe I am a little too cavalier about the predicaments that other people are getting into. No plans to sell or borrow on my equity. When I took out the mortgage in 1977, I was able to put down 40% of the purchase price of the house and even then the lending officer was a little prickly and dubious, as if he was dealing with a potential deadbeat. I hope that there is no way that prudent homeowners can be saddled with the consequences of the impatient and foolish extravagance of people who have taken on these impossible obligations. I do think that credit-pushing borders on criminal activity.