Monday, March 3, 2008

Someone has to pay for all this…

'Ninja' loans explode on sub-prime frontline

"One family - the husband is a janitor, the wife a cleaner - bought their two bedroom bungalow in Oakland for $420,000 in 2005. Now their mortgage rate has reset and it is on the market for $119,000. It probably won't fetch the list price".

Posted by alan @ 04:53 PM (499 views)
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2 thoughts on “Someone has to pay for all this…

  • japanese uncle says:

    I used to train ninjutsu when i was a teen. Dont people know they will get hurt or die if they take on a ninja!!!


    On the more serious side i think Telegraph is the absolute most serious biz paper out their, you where so early on reporting on the subprime/credit crises.



    Laughable! I wonder if this Swede learned ninjutu in Iga-school (伊賀流)or Koga-school(甲賀流). Can’t be genuin. Anyway, the word ninja should not be referred to too lightly like this. One good ninja should match a whole division in times of war.

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  • “Appropriately enough, one of the major epicentres runs along the San Andreas Fault.”

    “Under relatively recent legislation, they can strike a deal with their lender to sell it themselves and avoid seeing it featured in one of the increasingly popular foreclosure auctions.”

    Two eyecatching quotes here from the posting.

    First Quote: Do I not recall recent articles relating to undiscovered fault lines under the UK following the much publicised earthquake? Could Nature and Fate be following the same dramatic course? Is this Chaos Theory unravelling before our eyes? I am beginning to worry looking at the overall picture in society and the abundance of negatives.

    Second Quote: Not nearly so prophetic but part of a wider picture to manipulate statistics which could well be adopted in the UK and effectively lessen the Repo numbers.

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