Tuesday, November 20, 2007
Sub-Prime Lending
Today the housing market is in crisis because the wrong
people were allowed to borrow money......
Having been raised in New York City, it was easy to
borrow money from anyone one......All you were
required to do is pay back the loan.......If you did not,
you may wind up in a hospital with a broken leg or
two......Things were very simple "back then"......
Today......Borrow.......Do not repay.......And all of a
sudden someone is supposed to feel sorry for your
financial plight........
Years ago, you thought twice or maybe three times
before you borrowed money, you could not repay,
from "Benny The Bat" or "Sam The Shylock"...Pumps
people were allowed to borrow money......
Having been raised in New York City, it was easy to
borrow money from anyone one......All you were
required to do is pay back the loan.......If you did not,
you may wind up in a hospital with a broken leg or
two......Things were very simple "back then"......
Today......Borrow.......Do not repay.......And all of a
sudden someone is supposed to feel sorry for your
financial plight........
Years ago, you thought twice or maybe three times
before you borrowed money, you could not repay,
from "Benny The Bat" or "Sam The Shylock"...Pumps