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

tryan · 11-30-2007, 04:37 PM

I don't see it ... yes, lots of banks will go under (and they NEED to). BUT lots of banks did NOT get sucked into the caze. Smaller banks stuck to thier principals.

Owners not moving into properties; bribbed appraisals; hidden second mortgages; fasified incomes ... saw it all in 1989.

BTW, bet you could sell a Venn Diagram: GDP vs Banking vs Subprime Mess.

11-30-2007, 04:37 PM	#30
tryan Thinks s/he gets paid by the post Join Date: Mar 2005 Posts: 1,734	I don't see it ... yes, lots of banks will go under (and they NEED to). BUT lots of banks did NOT get sucked into the caze. Smaller banks stuck to thier principals. Owners not moving into properties; bribbed appraisals; hidden second mortgages; fasified incomes ... saw it all in 1989. BTW, bet you could sell a Venn Diagram: GDP vs Banking vs Subprime Mess. __________________ FIRE'd since 2005 Last edited by tryan; 11-30-2007 at 04:53 PM.