DISQUS

AMERICAblog: Mortgage ARM futures looking bleak

  • Bostonian_Queer_in_Dallas · 1 year ago
    And this matters how? The American people are too fucking stupid to read or know about economic trends. And the Karl Roves know this. That is why they've trotted out Missy Hockey Mommy with Mr POW "hero" and ZERO substance...but hey she's got family values and totes a gun and eats moose! And doesn't Johnny's babe look fabu in $350,000 bad haute couture????

    I hope McSame DOES steal this election, in a cynical way. I want this nation to go down in flames and blood in the streets to wake these assholes up that this power elite is plundering and raping them. I fear that anything short of a real crisis for ALL Americans will never change our system. The middle class is a myth now. There is no middle class. There are just working stiffs like me and a lot of very tacky aristocracy...i.e. Rodeo Queen's HORRID lamme dress the other night.

    Real old money class would not get caught dead in something like that. In the gay community it's called "PISS ELEGANT."
  • Bostonian_Queer_in_Dallas · 1 year ago
    Whoops sorry my bad....it was the WHOLE outfit, not just the dress that cost 350K. MAJOR fashion faux pas. Old money women were taught NEVER to wear pearls and diamonds together. One or the other. Cindy just donned all the expensive crap she could wear at once without falling over. God I hate uppity white trash.
  • Indigo · 1 year ago
    and pearls are worn with basic black, not yellow, of all colors.
  • Bostonian_Queer_in_Dallas · 1 year ago
    So very true, indigo.....and a platinum blonde NEVER gets caught dead in gold
  • Bostonian_Queer_in_Dallas · 1 year ago
    So very true, indigo.....and a platinum blonde NEVER gets caught dead in gold
  • Indigo · 1 year ago
    What is an "Option ARM"?
  • prochoicelib · 1 year ago
    Also known as "pick a payment loans" are adjustable rate mortgages where the borrower is offered three choices: pay what they want and the remaining interest that month is placed on principle, pay interest only, or pay any amount above interest. This article here http://money.cnn.com/2008/09/02/real_estate/pic... explains what a time bomb these mortgage instruments are.
  • Indigo · 1 year ago
    Thank you.  That's very informative.  Fortunately, I don't have one of those.  I have an ordinary, run-of-the-mill fixed rate that isn't as high as rent on the same type of house would be.  I'm below par for the game, for once.  It feels good.
  • prochoicelib · 1 year ago
    The place to go about mortagage/credit mess is the Mortgage Lender Implode-o-meter http://ml-implode.com/, and also for good economic news/blog links "The mess that Greenspan Made" http://themessthatgreenspanmade.blogspot.com/.
  • hardeknox · 1 year ago
    As the senator with the lightest voting record, he had to try extra hard to reach the 90% he brags about.