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To: elmatador who wrote (21655)	8/27/2007 1:12:18 AM
From: Elroy Jetson	Respond to of 219712

What did this Brazilian debtor "put into his house"? Assuming each time period between financings was roughly equal, he paid roughly $1,000 a month to live in his bank-owned house. That's a $24k down-payment, plus $168k of loan payments, minus the $120k dividend he arranged to pay himself in cash. That's $72k over a six year period, or $1k per month. The bottom line is he couldn't afford to pay $1,000 a month rent because he refused to control his excessive spending in other areas of his life. Either than or he was paid very, very, poorly - in which case he should have rented a room in someone else's home or apartment. .