The two Housing Wire article links below about ARM and Subprime investment strategies really frost me. I'm not a banking expert, I don't work in any financial industry capacity, yet the two story links below from housing wire come off to me as tongue in cheek irony.
If I remotely understand these two articles, they are reports about what investment firms are telling their investors to do in the housing market. I presume the investors' goal is to bet against american homeowners and where they can expect the best return when it comes to betting against the american homeowner.
Why does the U.S. government continue to allow this form of mortgage failure investing to continue? Shouldn't the government and the local community handle their own mortgage investing loan business, without a disinterested third party investor raiding our own soil so they can profit at our demise. I thought the point of fighting wars elsewhere was to prevent terrorism on our own soil.
What about economic terrorism in which investors put their money where the greatest chance of home ownership failure is possible?
No matter how much money we spend fighting wars elsewhere in the world, the ideal way for those nations to fight back is to simply invest on home ownership failure in the United States.
wow.
2 comments:
Bankruptcy can have disturbing effects on personal and professional life for longer duration. It affects your credit rating and borrowing capacity in near future. Hence, declaring bankruptcy should be considered as last resort.
Jazzie, why are you spamming all of my blogs? On other hand, so few people leave comments its kind of like get felt up by the TSA, we take what we can get.
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