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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (8654)	1/15/2008 11:13:27 AM
From: estatemakr	Read Replies (1) \| Respond to of 33421

Hey Zeusyboy, I see you are still a bit miffed at me calling you on your little pump-n-dump of that penny stock of yours on another thread, that resulted in you being banned. Let it go, lol. Since you seem to once again, be distorting statements and/or just not comprehending things correctly, let me set the record straight. The conversation about financial institutions not "lying" was dealing with the specific issue of arm and other exotic mortgages and the fact that future payments would be ratcheting up dramatically in coming years, and my specific comments that too many consumers are so financially inept and utterly uneducated that they need to take and bear some responsibility for the fact that they signed up for these types of exotic mortgages knowing fully well that payments would skyrocket and they had absolutely no business being in these loans in the first place!! What's the old saying? There's a fool born every minute?? Show me a story where Countrywide, etc actually lied about the fact that a 2-28 arm mortgage, etc, would result in massive increases in future payments and then you might actually have a story that contradicts what I said.