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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (21815)8/31/2007 4:07:03 AM
From: elmatador  Respond to of 217906
 
"intersection of politics and home economics" was triggered with intent. refer to BP in France, IKB in Germany and Countrywide in the US.

Europe is easy to discern: they wanted copious amount of Euro to drag the Euro down vs. the USD and no rate increase in September.

In the US to capitalize in two political parties to save the situation since they have an election next year.

As Finallythere put it below:

They really could not care about the longer term effects. All they care about is the immediate effect of what is done now. This way they prolong their robbery.

In collapse arriving situation, it is hedging positons that count. Not the three necessary steps:

Slow down

Stop

Reverse



To: energyplay who wrote (21815)8/31/2007 4:13:06 AM
From: elmatador  Respond to of 217906
 
Do not do a Brazil with your mortgage!! You stop paying for 3 months become a bailout case. In California? Uhm, looks like someone will come to the rescue.

Your record as a bad debtor will stick with you.

You will be paying the extra price of being a defaulters for quite a long time.

Now if you pay correctly, you would be always flashing your unblemished credit record.

Next time you can say:

"Throught the subprime melee my credit was always scratch free. I have decoupled from that mess. Now I want to pay the least interest."



To: energyplay who wrote (21815)8/31/2007 6:43:47 AM
From: TobagoJack  Respond to of 217906
 
<<Personally, I have to figure out if my mortgage is nearing default, so I can get bailed out too. ;-)>>

... suggest, as tactic, default, and do so immediately, to get 90 days under your belt, so that you may stick snowshoe with the bill :0)