Showing posts with label global ponzi scheme. Show all posts
Showing posts with label global ponzi scheme. Show all posts

January 24, 2008

Do you have any idea how much trouble the realtors, mortgage brokers, lenders, appraisers and mortgage fraudsters have gotten us into?


And to think, it all ties back to stupid f*cking houses. Who would have ever thought.

I sure hope we learned our lesson.
This can't happen again. But in some shape or form, it probably will.

Bubbles and manias seem to be ingrained into human nature. Oh, the folly of man.
500 years from now, they'll be reading about this bubble and crash. And they'll all say - "stupid fools - what were they thinking?"

If something good comes of it, it'll be the death of the realtor profession as they know it. And also the end of no-down, no-doc, negative-am, interest-only liar's loan, mortgage-broker-on-commission bullsh*t.