Many in the banking industry don't have any idea about this sort of speculation so I wouldn't colour all bankers the same, perhaps the four horsemen need another title, treasonous. I don't recall the year, perhaps around 35 years ago a friend called asking if I wanted to join a group speculating on mortgages. They were making a lot of money yet looking for people to buy in? In light of what you wrote here, the idea of getting people to join in makes no sense, it means the money is spread thinner among the speculators and if such a practice is lucrative why the need to buy into the group to make money, a set up for fall guys? Mortgage speculation on mortgagers homes felt wrong, too cut throat like, squeezing every last penny out of a deal, so I didn't join in. I recall feeling fearful for mortgagers wondering how much leeway does this give them.
I have a brother who is a true millionaire and I live on Social Security. I don't feel resentful and I'm proud of the life I live. I was shocked though when he refused to help with some unexpected dental bills. I realized how paranoid he is about his money and saw him as a selfish human being for the first time. He actually told me to declare bankruptcy and the government would help me. I no longer consider him my brother. Anne
Many in the banking industry don't have any idea about this sort of speculation so I wouldn't colour all bankers the same, perhaps the four horsemen need another title, treasonous. I don't recall the year, perhaps around 35 years ago a friend called asking if I wanted to join a group speculating on mortgages. They were making a lot of money yet looking for people to buy in? In light of what you wrote here, the idea of getting people to join in makes no sense, it means the money is spread thinner among the speculators and if such a practice is lucrative why the need to buy into the group to make money, a set up for fall guys? Mortgage speculation on mortgagers homes felt wrong, too cut throat like, squeezing every last penny out of a deal, so I didn't join in. I recall feeling fearful for mortgagers wondering how much leeway does this give them.
I have a brother who is a true millionaire and I live on Social Security. I don't feel resentful and I'm proud of the life I live. I was shocked though when he refused to help with some unexpected dental bills. I realized how paranoid he is about his money and saw him as a selfish human being for the first time. He actually told me to declare bankruptcy and the government would help me. I no longer consider him my brother. Anne