2009-07-27 — housingdoom.com
Doom readers will know my opinion that American lawmakers shouldn’t touch recourse mortgages with a barge pole, but it looks like the Arizona Legislature wants to dive right in.
Guys, they tried this in Old Testament times. It didn’t work then, and it won’t work now.
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Comments:
tvsterling at 20:32 2009-07-27 said:
What bunch of fascists thought this up down in Arizona. What will happen is that no one with any sense will sign a mortgage in the state. The same bankers who started this mess no doubt. The same ones who churned out fraudulent over a$$essed mortgages to begin with. When will we put an end to these schemes designed to make debt slaves of the unwary. What comes next? Debtor's Prison? Permalinkadd a comment | go to forum thread
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