[RSmithOpt]

This is going on all over the nation.....the sub-prime orgy was allowed to allow more real estate speculation to occur while diverting the cost to the taxpayer in the form of higher credit rates and virtually 'no credit' for many above par borrowers as the mortgage companies went under.

BTW, my co-worker just got in the mail yesterday an unsolicited package from Countrywide Mortgage' stating he could borrow over '$130K in equity in his home and no credit checks on the "Fast Track Approval" and they could have the money in his hands in 2 weeks.

Now, didn't Countrywide just go bellyup and is in the process of being bought out by BOA??

Tell me there ain't a Ponzi still working on this stuff.

[Mr. Jeeves]

I just closed out my (unused) Wells Fargo HELOC today. They weren’t the least bit happy about it. ;)