Let's start building the gallows.  

************************************************************************
On Wednesday, November 5th, Vote for Barack Obama

Right Wing Mike
http://www.cafepress.com/rightwingmike


--- On Thu, 10/9/08, Pete Theisen <[EMAIL PROTECTED]> wrote:

> From: Pete Theisen <[EMAIL PROTECTED]>
> Subject: Re: [OT] How low will it go? Dow down another 500 points
> To: "ProFox Email List" <[email protected]>
> Date: Thursday, October 9, 2008, 4:09 PM
> Michael Madigan wrote:
> > We've only got 6% unemployement, the bulk of the
> foreclosures are due to balloon payments.
> 
> Hi Michael!
> 
> The balloon payments around here were sold on the premise
> that it would 
> be no problem to refinance when the balloon came due. In
> fact, that is 
> how it was done for twenty years that I know of.
> 
> If the lenders won't make the balloon loans now then it
> is the fat cats, 
> not the homeowners, who should be blamed. Chop off their
> putters.
> -- 
> Regards,
> 
> Pete
> http://pete-theisen.com/
> 
> 
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