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7 Responses to “Market Advice: Buy Guns”

1. wizardpc Says:
   October 7th, 2010 at 9:55 am

   I did some click-through there and got some pretty horrific stories.

   Most of them involve Bank of America foreclosing on homes they don’t even have mortgages on. This is worrisome to me, since the home I bought in January was a BofA foreclosure.

2. Ellen Says:
   October 7th, 2010 at 11:24 am

   I feel ever so much safer. My mortgage is through Citibank. ;^P

3. emdfl Says:
   October 7th, 2010 at 11:55 am

   Go over and read more on the johngaltfla blog about this. JPM, BoA and Citi as well as GMAC have ceased all foreclosure actions because one of them lost a court case involving proof of ownership by the bank doing the forclosing.
   This is going to get really ugly before it gets fixed.

4. harp1034 Says:
   October 7th, 2010 at 1:02 pm

   The mortgages are not owned by the banks. They sold them to Fannie Mae and Freddie Mac who in turn chopped them up and sold them to foreign investors. IF the courts would uphold the law most homes could not be forclosed on.
   They are getting into trouble now for robo-signing.
   Thank God my home is paid for. I just have to make sure that I pay my property taxes.
   I agree with emdfl, this is going to get ugly. I am surpised that someone has not been shot yet.

5. trackerk Says:
   October 7th, 2010 at 4:53 pm

   Sounds like some guys have gotten some exceptionally bad career advice.

6. divemedic Says:
   October 7th, 2010 at 8:17 pm

   They had to suspend foreclosures because of stuff like this:
   http://preview.tinyurl.com/3463jmo

   There will be people wearing orange jumpsuits before this is over. Things will get worse.

7. Ron W Says:
   October 7th, 2010 at 9:20 pm

   Hopefully all of these ill-advised entances will result in catastrophic failures in victim selection. The participants in such conspired criminality deserve to be shot–and shot well.

Remember, I do this to entertain me, not you.

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