| Author |
Message |
    
Satori
| | Posted on Thursday, December 22, 2011 - 11:58 pm: | 
|
Sifo,
the sub-prime would pay more in the points, there were loans out there that paid 6% between front and back.
Thats all in the past now, cant get paid on yield spread, srp, or the front end points, if there is overage in the rate it has to be rebated to the borrower. Pay now is strictly paid in basis points on the total volume. |
Satori
| | Posted on Friday, December 23, 2011 - 12:06 am: |
|
Hootowl,
industry article on the Fannie/ Freddie deal
http://www.mortgagenewsdaily.com/12162011_gses_mor tgage_fraud.asp |
Hootowl
| | Posted on Friday, December 23, 2011 - 09:25 am: |
|
I completely misread that first article. Sorry guys. |
Pwnzor
| | Posted on Thursday, December 29, 2011 - 04:50 pm: |
|
*bump*
LOL |
Cityxslicker
| | Posted on Thursday, January 05, 2012 - 11:52 pm: |
|
For those of you hiding money, assets, investments and properties overseas.... best get it done under an alias that is not tracked back to America.
The IRS is now coming for the Expats hard and heavy, now that more and more are retiring out of America, or opting out of the sinking ship.
Hide your shiat, the tax man cometh.
DAMHIK |
Pwnzor
| | Posted on Friday, January 06, 2012 - 07:24 am: |
|
Water tight plastic box, buried in the ground.
0% interest, 100% chance of still being there when the fit hits the shan. |
Cityxslicker
| | Posted on Friday, January 06, 2012 - 12:16 pm: |
|
until they change the currency and outlaw the old..... It's happened here before - and it is on the horizon to happen again.
It will be illegal to exchange or purchase goods in the old bills - just wait - 2016
They are bringing it out under the guise of ADA enhanced bill. |
Blake
| | Posted on Friday, January 06, 2012 - 01:50 pm: |
|
>>> until they change the currency and outlaw the old..... It's happened here before -
They "outlawed the old"? Really? When?
Changing the look of currency is no big deal; it's been going on for some time. Currency re-valuation is a big deal. Which are you meaning? |
Blake
| | Posted on Friday, January 06, 2012 - 01:51 pm: |
|
I guess what I'm saying is that so you take your box o'cash to a bank or multiple banks and get it replaced with new. So what? |
Tom_k
| | Posted on Friday, January 06, 2012 - 02:42 pm: |
|
A currency change will most likely include a devaluation. Thus your box o'cash will be automatically worth less when you take it to the bank to get it exchanged.
I'm sure that if it comes to that they will penalize (tax) you for hoarding said box o'cash, too. |
Kenm123t
| | Posted on Friday, January 06, 2012 - 04:51 pm: |
|
how many dollars are YOU CHANGING? WHERE DID YOU GET THESE DOLLARS MR RUDY? YOUR TAX RETURNS DO NOT REFLECT ZISSSSS INCOME MR RUDY PLEASE EXPLAIN!
Try to find Silver Certificates
old silver and gold coins
HMM a DEMONRAT was our Pres then too! |
Sifo
| | Posted on Friday, January 06, 2012 - 05:07 pm: |
|
Large cash transactions do tend to get the authorities checking you out very closely these days. You will have to credibly explain how you came to have a large stash of cash on hand. If they don't believe you the can simply confiscate the whole stash. |
Kenm123t
| | Posted on Friday, January 06, 2012 - 05:10 pm: |
|
Yep how do you think they payfor the New Leo Toys the cops get to keep your money if it has drug residue on it News flash unless its handed to you at the mint it all does |
Sifo
| | Posted on Friday, January 06, 2012 - 05:37 pm: |
|
Not just drugs, but you will be under suspicion of laundering money for terrorism. Homeland security will have a field day with you as they seize your cash. You may wish you could convince them it was drug money. |
Cityxslicker
| | Posted on Saturday, January 07, 2012 - 12:44 pm: |
|
You can start with the issue that all foreign currency was outlawed in 1854 - and FORCED to be converted into US tender.
You can follow with the Confederate Currency and 'counterfeit' forfeiture of their gold and silver coins as criminal (the paper was worthless the day the war ended)
Troggle into FDR's reign with the confisgation of gold bullion, gold certificates, gold coin, and gold mine shares
And if you have any currency prior to 63 that is a silver certificate (or a coin minted in silver) it will be valued at currency rate for face value (a fools surrender as the price of silver should be backing that note - it isnt unless a collector is willing to take it - the banks wont honor the silver conversion rate for that note - in essence making its worth invalid)
and it will happen again.
What they typically do is realign the currency converstion to a ratio of 16, meaning for ever new dollar .... it will take 16 old ones to get the new currency - not counting any transaction fee, or transfer fee.)
and it is coming, as sure as it collapsed in post WWI Germany, so it will collapse here. Too many merger marketeers, not enough historians. |
