10/02/2007

Just suppose.....

....you owned a $600,000 house and are making the appropriate payments. Then your lender sends you a letter telling you that you only owe the current value of the home, a value now calculated at $450,000? Well folks, that is exactly how the big banks are stating their liabilities. Go to Big Picture for the damages. Their rising stock prices will soon fall like an erection in church.

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