Thread: If the Fed Lowers rates again ....
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Old 08-27-2007, 01:44 PM
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This is such bullsh!t.

Same thing happened in the 80s...remember balloon payments after short term ARM "mortgages?" The mortgage industry needed regulating then. It didn't happen, and now we have this.

And I'm sorry, but the housing industry knew damn well what the lenders were doing. They grew the coke, the lenders distributed it to the street and got folks hooked, and dumbasses took it.

Phuk bailouts. Let em live in FEMA trailers.

And if another flood hits NO...phuk them too.
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