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Loan Modification

: Mortgage Lender Implode-o-Meter

How to profit from volatility, chaos and misery

By Implode-Explode Heavy Industries

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"Now if you realize that they're making a killing betting against you, who do you think will have to pay up on those wagers? Yup, Yeah, You! You yourself furnish the dough used to bet that you are a sucker. And because you definitely are a sucker, you then end up paying, and losing on both sides of the wager. Do you understand how this works? Do you? Moral hazard anyone? Conflict of interest? Those terms are so passé. It?s a new world now, with new morals. As in none."

Full post as published by Mortgage Lender Implode-o-Meter on May 12, 2010 (boomark / email).

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