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To: Lorianne

Don’t borrow money you cannot pay back. Simple.


2 posted on 12/07/2009 11:00:04 AM PST by petercooper (GOP: Big Tent Party??? Not if you are a CONSERVATIVE.)
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To: petercooper

“Don’t borrow money you cannot pay back. Simple.”

I love the black and white world you live in. Where nobody gets laid off, doesn’t get sick, and nothing else bad happens. Where can I get a ticket for that train?


4 posted on 12/07/2009 11:02:09 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: petercooper
Don’t borrow money you cannot pay back. Simple.

One of those Freepers who live in a bubble cuz nothing bad ever happens to them. Nice attitude.

19 posted on 12/07/2009 11:16:45 AM PST by GUNGAGALUNGA (Democratus Suckus Teatus is the Latin root for Democrat and it means to tax)
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To: petercooper

Without a job or income, no one can pay any loan back. Since we never know when and if we are going to lose a job or income, no one can ever borrow any money for any reason. Using your logic. Such that it is.


24 posted on 12/07/2009 11:26:15 AM PST by Republic of Texas (Socialism Always Fails)
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To: petercooper
I agree with you 100%, but one interesting angle to this story is that these holders of second mortgages appear to be trying to effectively turn these loans into primary mortgages.

I wonder how the holders of the primary mortgages feel about this idiocy.

34 posted on 12/07/2009 11:54:34 AM PST by Alberta's Child (God is great, beer is good . . . and people are crazy.)
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