Freddie Mac Has a Message for Strategic Defaulters?
May 13th, 2010This is posted mainly its comedic value. It might also serve as a study in apoplexy as applied to economic commentary.
Via: ML Implode:
This guy may just win my Dick-of-the-Year Award hands down. Did he just say: “simply continuing to pay the bills might be best?” I can’t be sure because there’s no way that my heart could stand reading that paragraph again. Best for whom, Donald? You are such a… I cannot believe what a… wait, no. I’m not going to do it; my health has to come first.
And yes Don, over time the housing market will come back… as will the market for dot-com IPOs. Everything comes back… eventually… that’s why I’m still holding onto my skinny ties. I even imagine that perhaps one day… Freddie Mac will be profitable again? But when, Don… when? I’m 48 years old and in pretty good health… will I live to see that day?
