Thread: Buying mortgages
View Single Post
  #2   Report Post  
posted to alt.sailing.asa
Capt. JG Capt. JG is offline
external usenet poster
  
First recorded activity by BoatBanter: Jul 2006
Posts: 7,757
Default Buying mortgages
wrote in message
...
On Wed, 24 Sep 2008 11:43:10 -0700, "Capt. JG"
wrote:

wrote in message
. ..
On 24 Sep 2008 12:41:07 -0500, Dave wrote:

On Wed, 24 Sep 2008 12:07:07 -0400, said:

With whom would you propose to negotiate the price?

Bankruptcy judges.

So every time somebody with a mortgage goes bankrupt, you steal a little
a
chunk of money from the guys that made it possible to buy the house, eh?
And
the judge decides how much to steal.

If you're the guy providing money for people to buy houses, that's sure
gonna encourage you to lend more. Gee, you might even charge everybody
higher interest for taking the additional risk that some judge might
steal
some of the money. Ya think?

I'm not at all sure that bankruptcy was what the OP had in mind.

Your interpretation is extremely twisted and dishonest. You sound like
someone connected with banks.



By his own admission. He advises bank regulators!

So this whole mess is DAVE'S fault! I should have known.



There's plenty of blame to go around.... oh wait, I'm channeling Paulson.
Sorry.


--
"j" ganz @@
www.sailnow.com