European Tribune - Comments - So they all knew it was a bubble, now?

So they all knew it was a bubble, now? | 119 comments (119 topical, 0 editorial, 0 hidden)

You have to have enough sense to realize that the day will come when they take the ice cream for a nickel away. If you cannot afford the high end of a variable loan, or the price of a fixed loan to buy the house, you can't really afford the house. And most of these people know that in their guts. They just take the chance anyway.

by HiD on Fri Aug 17th, 2007 at 05:43:42 AM EST
[ Parent ]

Re: a Forrest Gump loan (4.00 / 2)

You might want to try sharing this insight with the Fed and the speculators and banks who bought the funny-money CDOs.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Aug 17th, 2007 at 05:42:13 PM EST
[ Parent ]

Re: a Forrest Gump loan (4.00 / 3)

they knew. they just hoped they get away with it a little longer. Only had to make it to Jan to get the bonus check.

by HiD on Fri Aug 17th, 2007 at 08:31:25 PM EST
[ Parent ]

So they all knew it was a bubble, now? | 119 comments (119 topical, 0 editorial, 0 hidden)

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