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This is going sound rediculous but it is true
By:delroy from miyardd
Date: 10/3/08 4:47pm
In Response To: Cat I Totally Agree (Island Girl)

It would seems like those who pay off there debt are the ones that cause the problems. The truth is it is kinda irony.

The smart guys on WALL STREET have turn the financial sector into a paramid scheme.

They have figure that the more debt they have on there books the more asset that mean. So they did not encourage people to pay there debts.The fact that they could sell those debt easily they went out and encourage more people to take credit because it did not matter if they pay because they knew they where going to sell quickly..

When people pay their debt too fast the asesses drop rapidly and if more people are not coming in fast enough then their comes the problem because the guy getting the money know very well that the other guy holding the debt do not hold a solid debt. So he make sure he dont put back the money in the system.

hope I make sense

Rain seems to be clearing up

delroy from miyard

Messages In This Thread

She said a really good thing that Biden did not -- Cat -- 10/3/08 1:15pm
Re: She said a really good thing that Biden did no -- Cat -- 10/5/08 10:39am
Re: Let's Not Pervert Reality -- Firemon -- 10/3/08 7:02pm
Re: Let's Not Pervert Reality -- Cat -- 10/5/08 11:26am
Re: She said a really good thing that Biden did no -- vermontirie -- 10/3/08 4:55pm
Not blaming.. just saying -- Cat -- 10/3/08 6:39pm
Re: Not blaming.. just saying -- Blue Mountain Drifter -- 10/5/08 7:04pm
Re: Not blaming.. just saying -- vermontirie -- 10/3/08 8:09pm
Re: Not blaming.. just saying -- central scrutinizer -- 10/3/08 7:07pm
Re: Not blaming.. just saying -- Jenny Shreve -- 10/3/08 9:37pm
Cat I Totally Agree -- Island Girl -- 10/3/08 1:25pm
ADMIN! This is going sound rediculous but it is true -- delroy from miyardd -- 10/3/08 4:47pm
Re: This is going sound rediculous but it is true -- ray -- 10/8/08 9:38am
Re: This is going sound rediculous but it is true -- Roger -- 10/8/08 12:21pm
Re: This is going sound rediculous but it is true -- Cat -- 10/4/08 7:59pm
Yes Delroy You Make Sense -- Island Girl -- 10/3/08 7:24pm
Re: Yes Delroy You Make Sense -- Jenny Shreve -- 10/3/08 9:41pm
Jenny, You Are Fine -- Island Girl -- 10/4/08 6:20am
Re: Cat I Totally Agree -- Roger -- 10/3/08 1:47pm
Re: Cat I Totally Agree -- Cat -- 10/3/08 2:46pm