tag:blogger.com,1999:blog-53246864840716464.post7103436049016689787..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: Was Abacus the Business Model for the Entire Mortgage Industry?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-53246864840716464.post-74358737006975572962010-10-25T10:49:11.382-07:002010-10-25T10:49:11.382-07:00I sold 198 properties from 1999 to 2007, What A Fr...I sold 198 properties from 1999 to 2007, What A Friggen Profitable RIDE! Now buying property at 1 to 5 cents on the Dollar! Yeeeeee HAAAAA my next ride is starting now! 2010 to 2018! Avg. Gross was 49% a month = 27% IRR per month for 11 years!repo4salehttps://www.blogger.com/profile/16615484745262849527noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-1922727845313274842010-10-24T23:39:32.901-07:002010-10-24T23:39:32.901-07:00Very well summarized. Banks, hedge fund managers,...Very well summarized. Banks, hedge fund managers, and others colluded to essentially create multiplied opportunities for profit from the same asset, i.e. they insured the same asset many times over, engineered it to fail, and then paid themselves many times the value of the asset. <br /><br />We have what I have been shouting from the rooftops for some time (see: http://www.oftwominds.com/journal08/zeus10a-08.html and http://www.oftwominds.com/blogmay10/market-unhinged-from-reality05-10.html). Not only is this a rigged game but nothing less than the creation of counterfeit value and "money". Real money has been siphoned out of the economy through completely duplicative and fraudulent mechanisms all hiding under so-called "complexity." <br /><br />Yeah, if you're sleeping with 5 women at the same time, and telling each one of them that you are devoted, in love, and want to marry, it's going to get "complex." Not from the nature of love, but from your fraudulent duplicative (and duplicitous) abuse of it.Zeus Yiamouyiannis, Ph.D.https://www.blogger.com/profile/10439633397619409092noreply@blogger.com