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Submitted by Roanman on Tue, 03/13/2012 - 17:52


The Wiffer, upon hearing about the clamor for a more uplifting posting, heartily agreed and sarcastically suggested the following for the new logo.



I thought that was a bit harsh, but it did get me thinking.

From Merriam-Webster, among the definitions for the noun bond are the following:


Bond - something that binds or restrains : Fetter

A binding agreement : Covenant

A band or cord used to tie something.

One who acts as bail or surety. 

An interest-bearing certificate of public or private indebtedness.


The etymology for the word bond is shared with that for the noun Bondage, a synonym for Slavery.

From the free dictionary, the definition and etymology (origin) for the noun mortgage is as follows:


Mortgage - A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt.

From Middle English - morgage, and from Old French : mort - dead,

from Vulgar Latin - mortus, from Latin - mortuus, past participle of mori - to die;

plus gage - pledge (of Germanic origin).

Word History: The great jurist Sir Edward Coke, who lived from 1552 to 1634, has explained why the term mortgage comes from the Old French words mort, "dead," and gage, "pledge."

It seemed to him that it had to do with the doubtfulness of whether or not the mortgagor will pay the debt.

If the mortgagor does not, then the land pledged to the mortgagee as security for the debt "is taken from him forever, and so dead to him upon condition.

And if he doth pay the money, then the pledge is dead as to the mortgagee.

I raise this point with the following thought in mind.
If you are holding bonds from Greece, probably Spain, Portugal, Ireland or Argentina (among others)
the states of California, New York, Michigan or Illinois (among others),
or maybe the cities of Detroit, Flint, Saginaw, Pontiac,
or maybe the Detroit Public Schools,
You're dead.
Sorry Honey!!!

Global Debt

Submitted by Roanman on Sat, 06/26/2010 - 07:13

If you're gonna borrow ..... do it now!!!

Submitted by Roanman on Wed, 04/07/2010 - 07:44


From Barry Habib at Mortgage Success Source


“So the Fed stopped buying Mortgage Backed Securities, and people are wondering if this will affect mortgage rates.

There's been plenty of whistling past the graveyard, guesswork and denial, where so-called experts have been trying to tell us that there will be minimal - if any - change to rates. 

That pipe dream is just nonsense.

During the past fifteen months, the Fed purchased $1.25 Trillion in MBS, which represented 80% of the mortgage market.

Prior to this program, mortgage rates were above 6%.

Now that the Fed program has ended, it's reasonable to assume that mortgage rates will rise back towards those levels…

“Additionally - sovereign debt has come into question. 

Downgrades in the sovereign debt of both Greece and Portugal are a warning to the US that the same can happen here, which would drive the cost of borrowing much higher.

Our government currently spends $1.49 for each $1.00 it brings in. 

Our debt is now 57% of GDP...and rising.

Does anyone really believe that Treasury yields are headed lower?

As Treasury yields move higher from their current levels, mortgage backed security coupon yields will also need to move higher in order for investors to want to purchase them.

“When all the factors are considered - the chances of higher interest rates are a virtual lock.

And anyone in the market to borrow should consider acting sooner rather than later.

With such low rates still in our hands...and all these various factors pointing at the inevitable fact of rates moving higher.”  

Barry Habib, Mortgage Success Source


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