Ponderable

messy said:
You keep bringing up the ramifications of non-payment of collateralized debt. Just pay your debts and debt is a very useful way to finance assets which grow your wealth. Very basic stuff.
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I agree. But that wasn’t what I was talking about. I was talking about how collateralized debt is bought and sold in the secondary markets.
 
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messy said:
Over my pay grade. Morgan Stanley hasn’t sold my mortgages but a lender in the 90s did and it pissed me off...
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Bruddah IZ said:
Did they change the terms?
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messy said:
How could they change the terms? I had a contract. I paid them off and went elsewhere.
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Bruddah IZ said:
Why?
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messy said:
Why did they have a binding contract or why did I leave?
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Bruddah IZ said:
Same terms. Y leave?
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messy said:
Oh I think we miscommunicated. The other lender gave me better terms.
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We? Lol!
 
Bruddah IZ said:
We? Lol!
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Yes. We. When you said “did they change the terms,” it sounded like you were speaking of the lender who sold my mortgage. I said “a lender in the 90s did...” and you asked “did they change the terms?”
You don’t communicate much at your job, do you?
 
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