Thursday, August 09, 2007

The Ram is proving more powerful than a Buck!

Or so you might think if you were an investor getting Rammed in the Mortgage market.

Word among the financial professionals is the Sub-Prime Syndrome is now working its way up the economic strata and eating away at legitimate home loans. Here comes the judge!

Yep, many an average working stiff American that bought a McMansion with extra-ordinary appreciation of their previous homes are now having their ARMs twisted and their over-inflated equity cushions have gone flat. Poof!

This confirms my theory of Illegal Aliens buying homes using Kinky Mortgages and Phony ID as having driven the market madness from the bottom up and now many are discovering there is No Bottom . . . and never was.
Hope some folks have time to Embrace some Reality on their way down the drain.
Can't say we didn't warn you.
Want to read this in Spaniel? http://translate.google.com/translate_t

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