Back to NINJA loans, sliced and diced traunches of mortgages bundled as AAA Collateralized debt obligations, where are the greater fools hiding after they got destroyed in 2007? Oh, maybe at the FED? Maybe Retirement Funds seeking yield? What could go wrong!?
Back to NINJA loans, sliced and diced traunches of mortgages bundled as AAA Collateralized debt obligations, where are the greater fools hiding after they got destroyed in 2007? Oh, maybe at the FED? Maybe Retirement Funds seeking yield? What could go wrong!?
I lost over half my retirement in that disaster
I lost over half my retirement in that disaster
Sorry to hear that. I was pretty much out of the financial market, heavy into RE at the time, was sitting on a lot of property to sell, fortunately I had been frugal and became debt free a couple of years earlier so I was able to weather the holding costs until they eventually sold off. The Obummer economy repressed the RE recovery.
Sorry to hear that. I was pretty much out of the financial market, heavy into RE at the time, was sitting on a lot of property to sell, fortunately I had been frugal and became debt free a couple of years earlier so I was able to weather the holding costs until they eventually sold off. The Obummer economy repressed the RE recovery.
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