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View Diary: UPDATED!! Urgent: House to Consider New Cramdown Legislation This Week (110 comments)

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  •  Yes, indeed (0+ / 0-)

    When I was a excellent prime candidate (past tense!)
    several years ago, and I wanted to refi, the loan officer at BofA was pushing teaser ARMs.

    I said we have our business and know that our income fluctuates.  It would just be our luck that it would adjust much higher right when we didn't look good on paper.

    She said, "Oh, you can ALWAYS qualify."

    I knew right then that this was a trap.  Get a bunch of suckers to sign on to these bandit deals and then pull the rug out from under them.

    People said I was a conspiracy theorist.  Hmmmm? Reading how the only ones making out like bandits in this mortgage melt-down are the few bank consolidated banks left standing (now that they got their mergers that were denied now as their "punishment"), I think we've all be had!

    Separation of Church and State AND Corporation

    by Einsteinia on Tue Dec 08, 2009 at 12:03:12 PM PST

    [ Parent ]

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