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Date:	Wed, 5 Sep 2007 10:29:10 -0700
From:	Martin Rosenfeld <rosenfeldmj@ca.rr.com >
Reply-To:	scoug-help@scoug.com
To:	scoug-help@scoug.com
Subject:	SCOUG-Help: Help with Old Computer...?

Content Type: text/plain

On 09/04/07 Steven Levine wrote:
> That's not going to help those that are looking at their mortgage
> payments
> tripling. The only thing that could save these folks from default and
> forclosure is to give them the houses or forgive 2/3rd of the mortgage
> amount. I doubt either of these will happen.

Steven,

If you bought a computer network system to use in your business and paid
for it by financing with a variable rate loan, would you expect someone
to bail you out when interests rates went up? Maybe you could have
started with fewer computers and taken a fixed rate loan. Why should
anyone else pay for your poor financial decision? It's not like you were
going to die. Most people who bought homes with subprime loans put
nothing down. If they default what will they loose except time and prestige?

Martin

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