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User Info Just sent an email to FNM ... ; entered at 2007-12-01 10:00:26
Mtgspy
Posts: 6202
Registered: 2007-10-27
Look, where does subprime end?

Also, it's subprime now in 2007. Do you know that Alt-A paper IS blowing up? That's your 08 story all year long. So subprime, but not Alt-A by naming convention only?

Also look at the 3 classes of ARM borrower that Paulson "defined" smiley, I can argue that I am in the "can afford teaser, but not the reset" that is the subject of bailout.

EVERYONE CAN. This will be a massive legal battle across the nation.

Finally, think about the absurdity of it:

"can afford teaser and the reset" is NOT going to be modified!!!
WHAT? THESE PRUDENT SOULS were PUNISHED for BEING PRUDENT?!!

Time to go Hank. Your pretty little 800Mil pot is going to be raided by lawyers soon, even the red blooded republican calling you friend the day before. Money is money.

Last modified: 2007-12-01 11:06:35 by mtgspy

2007-12-01 10:00:26