July 16, 2008

HousingPANIC Quote of the Day


"Heck no they're not saving, because their net worth is growing. If your net worth is growing, in financial assets and other assets, you can spend more than your annual income!"

- Michael Perry, disgraced and soon-to-be-arrested former CEO of liar's loan king IndyMac, October 2007

(hat-tip to BTC - everyone check out his report from the infamous speech where Perry gave the world these words of wisdom)

16 comments:

Anonymous said...

I don't get it. How come you can spend more than you can afford?

Anonymous said...

Dude got hit with the stupid stick.

Alice said...

Don't buy stuff you can't afford

http://tinyurl.com/ywcqkg

This skit never stops being funny

Suzanne said...

You can do this!

Anonymous said...

Proof that we are being run by monkeys. It's the same situation at my company, AT&T. Management is full of stupid monkeys who do nothing but look for ways to outsource. They have no innovation, no ideas on how to cut wasteful spending or increase productivity. Of course it's the good ole boys club, so nobody outside the club has a chance to be promoted except for the few token colored people they promote so they don't get sued by the EEOC.

Stuck in So Pa said...

Try going into Burger King, order a #1 (Whopper, fries, Coke) and when the cashier gives you the total, try to pay for it buy saying: "That's O.K., My net worth is XX.XX dollars"

I'm going to guess that they will want money anyway.

Go figure!

Anonymous said...

Why do you keep mocking the Afro-American culture? Are you racist?

afrobomb said...

why would you assume thats afroamerican culture?

You stereotyping?

Anonymous said...

Anonymous said...
....so nobody outside the club has a chance to be promoted except for the few token colored people they promote so they don't get sued by the EEOC.

Anonymous said...

Why do you keep mocking the Afro-American culture? Are you racist?

Because he got passed over for promotion by an Afro-American.

Anonymous said...

Why do you keep mocking the Afro-American culture? Are you racist?

Because he got passed over for promotion by an Afro-American.


Keith got passed over for promotion by an Afro-American? When did this happen? I thought Keith was an Afro-American

Anonymous said...

.




Some brotha gots himself a sweet Hoop-dee!



.

Anonymous said...

"Michael Perry, disgraced and soon-to-be-arrested former CEO of liar's loan king IndyMac, October 2007"

They don't arrest rich people like Perry in America.

Anonymous said...

But but but.... the DOW was up 2.5% today, so there's no bad economic situations! I'm gonna go buy five IPhones

Anonymous said...

"I don't get it. How come you can spend more than you can afford?"

if the value of your house keeps going up, you can refinance and use your home like an ATM machine

at least that was the plan. it all falls apart once home prices go down.

Anonymous said...

actually I thought the car more belonging of a hispanic but I could be wrong. Also, the reason these same people can't save is because we have to pay more to make sure there are profits for shareholders (who are god on this earth) so they live for the moment because the shareholders are making sure there will nothing left for them anyway. Also if people aren't saving how is it they were able to pull out 1 billion from Indymac. That ain't no chump change. And yes Keith is a racist, so are the people on this web site. You just now noticing.

happy homeowner in the stix said...

Now we finally get to see what Keith's ride looks like!

Sweeeeet!

(You need some righteous gold spinners on it, bro.)