The Confused Capitalist
"In the first quarter we said we were committed to the business and we were. Based on the changes we saw, we made the decision to exit the business. I think it was a smart move."
"Having seen the tall-headed gnomes in my own financial field previously lend to extreme ratios in the dying days of a real estate upswing, I thought they'd have figured out that lending like that at the end of a long cycle, isn't very good for the bottom line. "
I get an e-mail every morning with a recap of what is going in the market. Most of the time the articles are something I have read somewhere else or I am not interested in them. Today was different. The headline was enticing. It read: How do you pay off your home mortgage in a few years or less? Learn to use hedged ...
The last word was left off but it was not rocket science to guess that the missing word was "futures." Oh this was going to be fun. When I clicked on the link it was even better than I thought. It read: How do you pay off your home mortgage in a few years or less? Learn to use hedged futures with options and arbitrageur strategy.
Well sure why not? There's nothing wrong with 80 million homeowners entering the futures market. This might even solve the sub prime lending mess. People who can't even read a mortgage note trading futures and options.