“OMG We’re about to lose EVERYTHING!

MikeDamone said:

They should stop being so self centered and quit putting profits over people

Was all this homeless bullshit just the walk up song for running the big con?

RaceBannon said:

HHusky said:

RaceBannon said:

There actually is a curve of foreclosures that will overwhelm the system


We've been there. Cash will be king for the fire sale of assets that is coming

Yes please.

And there it is. What a humanitarian

Your point?

RaceBannon said:

HHusky said:

RaceBannon said:

HHusky said:

RaceBannon said:

There actually is a curve of foreclosures that will overwhelm the system


We've been there. Cash will be king for the fire sale of assets that is coming

Yes please.

And there it is. What a humanitarian

Your point?

That you're a piece of shit

But rich.

MikeDamone said:

HHusky said:

RaceBannon said:

HHusky said:

RaceBannon said:

HHusky said:

RaceBannon said:

There actually is a curve of foreclosures that will overwhelm the system


We've been there. Cash will be king for the fire sale of assets that is coming

Yes please.

And there it is. What a humanitarian

Your point?

That you're a piece of shit

But rich.

You and Hondo are internet rich

Who had 5 minutes in the when will Damone take the bait pool?

MikeDamone said:

HHusky said:

MikeDamone said:

HHusky said:

RaceBannon said:

HHusky said:

RaceBannon said:

HHusky said:

RaceBannon said:

There actually is a curve of foreclosures that will overwhelm the system


We've been there. Cash will be king for the fire sale of assets that is coming

Yes please.

And there it is. What a humanitarian

Your point?

That you're a piece of shit

But rich.

You and Hondo are internet rich

Who had 5 minutes in the when will Damone take the bait pool?

Another page from the Hondo play book when you say something stupid. "I was baiting".

No. You weren't. You're covering for saying something stupid.

Madam, I was thinking of you precisely when I said it. I don't care whether you believe that. I wasn't particularly impressed with your response, and certainly I wasn't devastated.

RaceBannon said:

There actually is a curve of foreclosures that will overwhelm the system
We've been there. Cash will be king for the fire sale of assets that is coming

Not to brag, but '07 was a great year for me.

And divorces are a godsend when wifey gets the house, wants his shit gone, and I show up with cash.

WestlinnDuck said:

Sounds like the counselor was representing you wifey.

Dazzler doesn't have the balls for Family Law. Not even close.

TurdBomber said:

RaceBannon said:

There actually is a curve of foreclosures that will overwhelm the system
We've been there. Cash will be king for the fire sale of assets that is coming

Not to brag, but '07 was a great year for me.

And divorces are a godsend when wifey gets the house, wants his shit gone, and I show up with cash.

I'm looking to pick up an ATV and a UTV on the cheap.

RaceBannon said:

creepycoug said:

I feel nothing for these people. You gamble and you take the risk; sometimes you're going to lose. That's the name of the game. If there were no risk for losing, there'd be no reward for wining. Everybody would do the same thing.

Fuck 'em. Let their stupid lenders foreclose and they can all eat shit. I didn't do it; don't make me pay to help them out of a jam. Nobody every helped me (or had to), because I've lived within my means.

I remember and obnoxious real estate agent acquaintance telling me I was too conservative. This under-educated bitch from Queens had all the answers, until she didn't.

She and her Boeing engineer husband (who doesn't make shit btw) thought they had things figured out and bought up and spent close to 200k on upgrades alone before the market hit 'em. And then the divorce.

I can count on one fucking hand the number of people whose opinions I respect and seek out. Most people are stupid. That's just reality.

When the flippers over leveraged in the 05 to 07 era they brought the world down with them. Mortgage securities. Toxic waste.

I'm sure that couldn't happen again and if it does the banks will be made whole and Airbnb dude will get bad credit for 7 years.

Experts say

Another example of unintended consequence of the government getting into the workings of the economy. If there were no quasi-government agencies buying up all those loans and securitizing them, the mortgage market would not have become as frothy and hot as it was. Sell one or two bad loan bundles to an investment bank, with their team of real lawyers, and you, the bank, are going to get your fucking ballz in a vice and your ass sued off. You, the bank, won't do it again. Which means you're going to ride your underwriters like a fucking donkey to make sure the credit underwriting is valid. Banks have to be made to live with their credit decisions, and the people who create the bad credit - the end user - has to be held account for his or her debt. There's little else more fundamental to our system than that basic principle.

Leave things between private actors and you will get market corrections. Get the printer of free money involved, and it distorts everything.

The mortgage bubble was as much Clinton policy as it was greed and unethical behavior. Faggots in the Tug think there are too many lawyers. Fuck off. There aren't enough of us. Fucking plaintiffs suits on that shit should have been a multiple of what we saw. A lot, I mean a lot, of people who just literally lied and stole money from retirees looking for fixed income retirement options, walked with all that money. This was my wheel-house in private practice before going in-house. We represented one of the biggest to ever do it. I saw this real tim.

I will never forget the first time I heard the interpretation of "stated income" from a mortgage underwriter. Even he couldn't say it with a straight face.

UW_Doog_Bot said:

creepycoug said:

I feel nothing for these people. You gamble and you take the risk; sometimes you're going to lose. That's the name of the game. If there were no risk for losing, there'd be no reward for wining. Everybody would do the same thing.

Fuck 'em. Let their stupid lenders foreclose and they can all eat shit. I didn't do it; don't make me pay to help them out of a jam. Nobody every helped me (or had to), because I've lived within my means.

I remember and obnoxious real estate agent acquaintance telling me I was too conservative. This under-educated bitch from Queens had all the answers, until she didn't.

She and her Boeing engineer husband (who doesn't make shit btw) thought they had things figured out and bought up and spent close to 200k on upgrades alone before the market hit 'em. And then the divorce.

I can count on one fucking hand the number of people whose opinions I respect and seek out. Most people are stupid. That's just reality.

You, sir, are on the short list.