I tend to agree with this guy
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  1. #1
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    I tend to agree with this guy

    If you are going to give out high risk mortgages, or invest in companies that give out high risk mortgages, or funds that invest in them, then you accept high risk for the potential of high reward. Unless you have connections I guess.

    Rate cuts won't cure ailing market - MSN Money

    I have literally no formal training or experience in lending, but common sense told me about two years ago, that if you continue to push variable rate loans during a time of historically low interest rates, eventually the rates would go up, borderline customers would start to default, and your market would dry up.


    Last edited by Cyclonepride; 08-23-2007 at 06:29 PM.

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    Re: I tend to agree with this guy

    just don't invest in that crap. buy now while the rest of the market is relatively cheap and watch the dow touch 15000 by the end of the year.



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    Re: I tend to agree with this guy

    This whole mortgage thing is just funny. Those morons that overbought are just that. Anyone who could not see this coming 2 years ago was not paying attention.

    Gee, lets see, 30 year mortgages are 5%. Should I get an adjustable rate or a 30???


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

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    Re: I tend to agree with this guy

    Kind of funny if you and I weren't bailing out the high risk investors.

    Central banks are stealing from the average citizen - MSN Money



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