Homestead mailing list

[bob ford <bobford79 AT yahoo.com>]

The new bankruptcy laws (say thanks to the "Senator form MBNA", Biden), makes 
it almost impossible to walk on CC debt.  If you own real property and/or 
work for  aomeone who writes you checks, you cannot become asset-proof 
....bobford



----- Original Message ----
From: william Eggers <wce1482 AT yahoo.com>
To: homestead AT lists.ibiblio.org
Sent: Wednesday, September 24, 2008 3:13:54 PM
Subject: Re: [Homestead] Rats jumping ship

Actually, I don't think it will make any difference whether the banks are 
bailed out or not.  Some big shots will get away with some money, but the 
real problem in not what we have now, but what happens when the credit card 
industry takes its hit.  Credit cards are not secured loans.  That is the 
card company has nothing that it can forclose on.  so, when people start to 
default on the credit card debt, the banks will be left holding the bag,  and 
the credit card debt makes the mortgage problem look small.

--- On Wed, 9/24/08, Lynn Wigglesworth <lynnw1366 AT hotmail.com> wrote:

From: Lynn Wigglesworth <lynnw1366 AT hotmail.com>
Subject: Re: [Homestead] Rats jumping ship
To: homestead AT lists.ibiblio.org
Date: Wednesday, September 24, 2008, 4:46 PM

Mine is not a popular opinion (I don't think) but I think the government 
needs to step back and let the chips fall where they may (I heard 2 
Congress people say that today!). People who participate in risky 
behavior need to take the consequences; our whole economy is a house of 
cards with little real value behind it. It needs to come down; if I had 
money in the system, I'd get it out, too. Come the revolution. I'm 
looking forward to it.

Lynn Wigglesworth
Tioga County, PA


bob ford wrote:
> You've probably heard the old saying about "rats jumping off a
sinking ship", the smart set generally advise ;  "follow the
rats"
> 
> This is unsettling:
> 
> 
> Money-market mutual funds see record withdrawals in week
> 
>
http://www.marketwatch.com/news/story/money-market-mutual-funds-see-record/story.aspx?guid=%7B0CAD8A20%2D0080%2D4847%2DAEC9%2D6C0C6C62B997%7D

> 
> 
>      
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