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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (4992)	2/7/2011 7:21:07 AM
From: ayn rand	2 Recommendations Read Replies (1) \| Respond to of 119362

jim, u coulda had a V-8, er, i mean a fixed instead of an ARM. why on earth would u select an ARM? what r u thinking? i tend to agree w/ moore. most people don't seem to have common sense when it comes to finance

To: Jim McMannis who wrote (4992)	2/7/2011 8:45:39 AM
From: Pogeu Mahone	1 Recommendation Read Replies (1) \| Respond to of 119362

Jim You have lost your mind. A waste of time trying to get you to use reason. :0) What was the default rate when the banks were doing due diligence on their customers? Instead of beliving their customers lies, they could have laughed them out of the bank.

To: Jim McMannis who wrote (4992)	2/7/2011 11:07:56 AM
From: Horgad	3 Recommendations Read Replies (1) \| Respond to of 119362

I am more interested in what would have prevented it and what would fix it. To that extent blaming the public is waste of time, because the fix has to be done at the higher level and when done right it will greatly encourage the public to tow the line. There will ALWAYS be a segment of the general public that will be irresponsible and that will look for ways the game the system. Thats a given...you are not going to train it out of them. So the question is do we fix the problem where it can be fixed or do we keep debating on who to blame?