Don't you miss the Good Old Days when American free markets were in full bloom and a guy like me could?
refinance his house and live like a King? I refinanced my $85,000.00 house in Ft. Myers, Florida for $420,000.00 with an AltA (liars) loan. I didn't have much equity in it anyway so I refinanced and got $293,000.00 at closing after the fees ect. I had an adjustable rate AltA loan which some genius on Wall Street dreamed up. It was interest only for three years so the payment was only a bit over $2000.00 per month. I set aside money for the payments for three years, about $70,000.00 and pocket the difference. So I put the $220,000.00 difference in a three year CD at 5%. I stopped making payments as soon as the loan reset and waited for them to foreclose, which took 18 months during which time I paid nothing at all. I left the key in the door with a Thank You note to Bank Of America. Now all these Socialists are taking away my rights and ruining my financial future.
Politics - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
That's capitalism you just described.
2 :
Free markets don't exist now and have never existed.
3 :
You are too young to have ever experenced a free market in this country. As far as Bank of America goes you have cheeted the share holders and yourself as well. Do you understand that "what comes around goes around". You may think foolishly that you have some how won the game but take my word for it " the game is still afoot" and you will loose so big you will wish you had never lived. A fool and his money are soon parted. Your are the fool in this matter. I feel sorry for you. Were I you, I would give the money back to BOA the ill gotten gain and pray for forgiveness. Failing that bend over and kiss your ass good by. Donald Sheldon
