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"I can get 70 miles to the gallon on this hog"
in my opinion those "naive victims" should be referred to as "dumb-as-shit-retards," whether they're speculators or not. every one of those borrowers walked into a bank and applied for a home loan, and then signed a contract in which they promised to pay the money back. all of a sudden they're victims just because they were too ignorant to understand the terms of the contract? the politicians and other poorpeoplesympathizers are basically telling the borrowers, "it's ok to take money you can't pay back, and it's ok to remain stupid as to your own personal finances because if you can't take care of yourself, we'll just blame the banks and financial firms. you have no personal responsibility for your financial decisions."
two guys I trade with at boa got the ax yesterday, it's only the beginning.......
Jean de pourtales, JAmes Garman and Jonathan Langer are from the principal real estate investments side Zubin Irani is head of real estate lending in Europe David Atkinson is a financial services analyst in Japan