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

To: Mike Johnston who wrote (89403)	12/5/2007 4:22:04 PM
From: Sea Otter	Respond to of 110194

Let Paulson/Fannie Mae pay for those jet skis, boats and plasma TV's as well as that friday night steak and shrimp special for the whole family. Not going to happen. The taxpayers will pay for those things, plus interest.

To: Mike Johnston who wrote (89403)	12/6/2007 9:44:17 AM
From: sea_biscuit	Read Replies (1) \| Respond to of 110194

A whole industry would crop up that would sell advice to people on how to take advantage of the bailout. Ironically, if a responsible person who took a 30-yr fixed rate mortgage gets into trouble, there is no help for him, whereas his reckless borrower friend who took a 2/28 negative amortization ARM with a teaser rate of 1% can continue to be irresponsible and if he gets into more trouble, the government will be there to bail him out again because there will be many more like him.

To: Mike Johnston who wrote (89403)	12/6/2007 8:42:02 PM
From: NOW	Respond to of 110194

that fraud is being dwarfed by fraud at the lenders level we are truly f#$ed