December 24, 2008 –
As a coworker was telling me about her three homes (she's strictly middle class), I could hardly hide my shock. She was one of the "victims" of predatory lenders. Leveraged to the hilt, she wanted to live the life of luxury she so richly deserves. Now she's threatening to default unless the bank drops the loan value. She's a genius. Leverage your credit to the max, make a wager. Stocks, real estate, roulette, it really doesn't matter. Then, pay back the loans if the bet wins. If you lose, take a hit on your credit or, better yet, just demand that the group foolish enough to trust in the first place take a massive loss until you get back to even. [more]
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