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Pastimes : I AM A MINDLESS ZOMBIE -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (235)	12/17/2007 9:45:23 AM
From: Maurice Winn	Respond to of 258

Look at the date on this stream = 2002. That's before nearly all the ARMs were agreed in the boom of 2003, 2004, 2005. Heck, there were warnings right here for anyone who wanted to understand that they weren't obliged to agree to borrow a huge amount of money at low interest rates which would obviously go up again when the Biotelecosmictechdot.com bust was resolved. That date, 2002, was set long after the stupid borrowing was done and in response to the whining way back then about Uncle Al KBE. It's always somebody else's fault. Mqurice

To: Dennis Roth who wrote (235)	8/18/2008 5:12:04 PM
From: Maurice Winn	Respond to of 258

8 months on and those McMansions are looking a LOT cheaper. So are the financiers such as Freddie and Fannie, [down another 25% today], not to mention Lehman Bros and a lot more besides. More to go... Amazing that they blame Big Ben and Alan Green$pan for their decisions to borrow, and lend. It's like obese people blaming food suppliers for making food too cheap. Or drug addicts blaming plants for producing psychotropic chemicals to defend themselves. Don't eat the plant. Don't eat the food. Don't borrow the money. Mqurice