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Buying mortgages
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. I believe Dave is trying to make a point. He has more experience and is closer to the action on this issue than anyone else here, afaik. I just wish he was a bit more open and direct with his enlightenment as some people do actual regard what he has to say. Dave should take a cue from our most enlightened newsgroup member, the always truthful, fair, objective and balanced Jonathan Ganz whose only bias is one towards the truth. Discussions with Jon are always a win-win proposition as everyone walks away a better person, both in character and knowledge. Perhaps Jonathan will intervene here and moderate the discussion in the beneficial format he uses in every discourse. I can only marvel at Jon's seemingly innate ability to get to the truth and essence of the matter at hand and the wonderful way he brings others into the fold. If he were to go onto the motivational speaking circuit he would not only improve the world, he would garner trillions in fees and the income tax paid would pay for the current financial crisis many times over. Yes, such great men still do exist and even walk amongst us. Great fortune is ours. |
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