Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, January 4, 2008

Some woman in new hampshire

She buys a house, dad loses his job and her arm resets to 8K a month..... What is that a 4million dollar home?

Somehow they are making 100K a year but didn't understand an ARM and wants to be bailed out.........
*chuckleheads*

That is moral hazard..... Where is natural selection when you need it.... And they couldn't figure out what was going on and sold the house...

No comments:

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc