I think most thought they were going to move, get a better job, or finally make money some scheme to support a higher mortgage. Or people probably lost their job, went broke due to a bad health (Tracym you can hold off on the health care dialog ), or poor money management. However no one counted on everyone experiencing a fallout at the same time.

Wind up. Yeah. It's ignorant comments like that that make my life as an American abroad a living hell. Brits will think that all Americans have their heads too far up their own asses to see that the world is bigger than them.


I know a guy here like that. Good job, nice house, no debt. Then he lost his job because his American bank made redundancies (presumably because the $7trillion credit crunch Manc has never heard of). He used up his considerable savings and it's gone. Now he's screwed. Not sure why I didn't think to tell him to just pay his mortgage.


No one could have foreseen 20% interest rate hikes, for christ's sake. Has America really become so bloodthirsty in my absence? *shudders*

Non sequiter, how? Both mugging and usury are illegal, last time I checked. Ah yes, that's right. in the 80s, the US government allowed banks to sidestep usury laws. How convenient.

Nah. We're the same greedy pigs as usual. We're just a bit more elegant with it. I think we had a vacation from the 80's greed and lack of fiscal discipline in the 90's. Now that the Repubs made it back into office they once made it easy to cheat the system. Oh not to mention the destabilizing effect of being in a war that's rogering the US sideways.

all I heard was waah waah waah.

sorry your mate lost his job.

300,000 eastern europeans managed to find one though, you should have told him to look a bit harder.

being a whopper flopper is better than losing everything.

no wonder the world is in financial shite with mugs like that working in banking.

I think Americans forget that when she sneezes, the world catches a cold. I just get a little freaked out about that mentality because I stopped thinking like that when I left puberty

[QUOTE=Elvira;6647594
However, I do not understand why you paid your MIL's debts. Why would those be your responsibility? [/QUOTE]
It is a question I was thinking of too. Why would you take on the debt at the expense of losing your home? That is a huge sacrifice.

They were probably cosigners on a loan the deceased had taken out.

when did you start to think that if I buy too much stuff and don't pay it back then I can blame someone else?

And there is always a little box you have to tick to decline credit life insurance...........

people with no financial sense usually tick that box.

and then call me ignorant when I point it out to them.

Barn doors, horses having bolted, etc, but it may have been more financially sound to pay the mortgage and make a deal with the lenders of the MIL's debt to pay back over a longer period, mightn't it?

What are lenders there like for that kind of thing?









Manc: when you want to carry on the discussion I originally started, let me know.

Well look who's BE's Suze Orman. Damn Manc! Nice hairdo.

if you pay your mortgage.
your house won't be repossessed.

FACT OR FICTION?

Dave Ramsey if you please.......

ACT YOUR WAGE PEOPLE!

I figured there was guru behind you somewhere. I mean you can't be that brill by yourself.

(Suze Orman's my gal)