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

To: Snowshoe who wrote (91250)	6/8/2012 7:19:46 PM
From: TobagoJack	Read Replies (1) \| Respond to of 218000

am not going to ask you how you hunted up that ancient post but yes, the debt shall burn, but unbeknownst to the debtors, they would themselves also be in the flaming pile but, at least it would be their flaming pile reset is nothing really to fear it just would be all zero-ed out and must rebuilt anew the issue of course is what age groups can and if recover how, and how fast while it is true that one person's asset is another's debt, it is equally true that another man's reduced cost is another's revenue the person holding any non-flamable cash has a chance to come out of the flame still viable

To: Snowshoe who wrote (91250)	6/9/2012 12:51:55 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 218000

Crikey Snowy, if you think robbing mortgagees would be a panacea for the housing "problem" you'd really love Tradable Citizenship because it involves no robbery. < San Francisco-based Mortgage Resolution Partners, in a presentation reviewed by Reuters, says condemning so-called underwater mortgages and taking them out of the hands of private lenders and bondholders is "the only practical way to modify mortgages on a large enough scale to solve the housing crisis." > No doubt Mortgage Resolution Partners would love it if mortgagees were robbed and so that Mortgage Resolution Partners could swoop like vultures on the remains. When communities use robbery and thieving as their founding principle, they will soon be impoverished and will no longer be a community. Mao and Stalin ran such systems. So did many others. Every single one was a catastrophe. Eminent Domain is not a panacea, it's normally a calamity - it simply is reversion to toughest dumb thug taking opm rather than freely interacting competent adults trading among themselves as they see fit. Mqurice