Early Retirement & Financial Independence Community - View Single Post - Do you want to pay for the Sub-Prime freeze?

tryan · 11-30-2007, 01:45 PM

Is there a better link than this:

Banks, U.S. near deal on mortgages - Mortgage mess - MSNBC.com

Nothing in there about bank-welfare ... seems to me that would be impossible to implement since the notes have been packaged and resold a handful of times ... bonds should have been discounted by now. Horse is out of the barn ... it seems.

Also, imagine the class action suit by all those who have already been plowed under. The second mouse gets the cheese!

Freezing the rates would only prolong the inevitable ... I'll take the quick death; where's there's chaos there is opportunity!! But wait, a slow death would give me more time to position ... hmmmm.

11-30-2007, 01:45 PM	#10
tryan Thinks s/he gets paid by the post Join Date: Mar 2005 Posts: 1,734	Is there a better link than this: Banks, U.S. near deal on mortgages - Mortgage mess - MSNBC.com Nothing in there about bank-welfare ... seems to me that would be impossible to implement since the notes have been packaged and resold a handful of times ... bonds should have been discounted by now. Horse is out of the barn ... it seems. Also, imagine the class action suit by all those who have already been plowed under. The second mouse gets the cheese! Freezing the rates would only prolong the inevitable ... I'll take the quick death; where's there's chaos there is opportunity!! But wait, a slow death would give me more time to position ... hmmmm. __________________ FIRE'd since 2005 Last edited by tryan; 11-30-2007 at 01:54 PM.