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DeepBlue1

09/23/08 8:22 PM

#23828 RE: TWilliamM #23825

Well look what the cat dragged in!

The mortgages would all have to be set at a reasonable interest rate over 30 years...no ARMS, no surprises.

And if they still can't make the payments at that reasonable rate then they'd have to be foreclosed on...BY US. But we'd still have a house to resell, and we'd be making the interest on the money we forked over to boot.

We'd get our damned money back over time, plus interest, minus the normal rate of foreclosures which is a relative constant and happens at a predictable and manageable level that could be accounted for in an accuarial table.


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RedneckInvestor

09/24/08 7:34 AM

#23838 RE: TWilliamM #23825

How about jail? Not sure about the rest of the country, but they incarcerate those here in Florida who can't maintain the financial means to afford car insurance.

Maybe if they started jailing those who don't understand finance, and take wild risks.

Nice to see you again.

My brother sent me another great song by the author of "Titties and Beer"...