"I am predicting 100% defaults on all non-fixed-rate loans from 2005 to 2007. No one in America is using that negative a forecast. Do you ever hear anyone say 100% of those loans from that era are going to default? I am."
- Jim Cramer, predicting that every homedebtor in America who 'bought' a home the past few years with an ARM, with their homes worth nowhere near what they paid for them, will simply and smartly turn in the keys and walk away, August 2008
(meanwhile, the realtors keep their six percent, and the mortgage brokers keep their bonuses and bribes)