> Bill wrote: > I wouldn't really call it predatory lending so much as a stupid person who > makes a stupid decision. >
Here's the bizatch of it all: the taxpayers are going to bail everyone out. * estimates are that we're only 33% through the "correction" so there's going to be more than BearStearns that go down. Government will have no choice but to bail out the banks. * Stupid borrowers will get some type of government help as there's all kinds of bills out there right now. * Currently mortgage holders will get bailed out -- there's a bill in committee right now to give states money to buy up foreclosed property to keep from going to crack. Moral of the story? Stupid decisions are ok. It's an infinite loop. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:262636 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
