MrOne4truth (November 30, 1999 at 12:00 am)

Sounds all good, but you forgot many things, such as they are not securitized when the investment banks destroyed all the notes. So you talk about foreclosing - well they can't , they no longer have the notes to forclose, Ohhh, unless they get robo signers and creat all forged documents and fool the judge in court.

MrSirtomz (November 30, 1999 at 12:00 am)

Dude, you are awesome!!! I love these videos....thank you thank you!!

smurfieboo (November 30, 1999 at 12:00 am)

@BapidBeagle If I was you I wouldn't worry too much about the apartment - rather start preparing for how you are going to make money from the next market crash. Start researching companies now that you would like to invest in, start thinking of companies like Dollartree that will do well in a downturn. Good luck hun.

BapidBeagle (November 30, 1999 at 12:00 am)

@smurfieboo Oh I will at some point it's just I'm 21 and saving up for a car then an apartment. Once I have a "home base" and have established minimalistic budget I plan on taking that money and putting it into investments/business college.

smurfieboo (November 30, 1999 at 12:00 am)

@BapidBeagle why don't you day trade and invest in companies on the side?

chocoboblue99 (November 30, 1999 at 12:00 am)

Who ever didn't invest into that model were the true winners at the end. This looks more like made legal pyramid scheme to me.

DAPATINATOR (November 30, 1999 at 12:00 am)

@ABCInfinit3 That is exactly what I came to but I suppose you have no idea when they will default. But it seems to me that if 20% default and %0% is recovered then that is your profit gone. But other than that these videos are brilliantly explained.

dantheman945 (November 30, 1999 at 12:00 am)

is this guy a fucking genious or what? does anyone realize HOW MANY EFFING VIDEOS OF KNOWLEDGE HE HAS POSTED?!?!?!?

BapidBeagle (November 30, 1999 at 12:00 am)

Right now I think I'd love to become an investment banker.

ABCInfinit3 (November 30, 1999 at 12:00 am)

@KoalaBearWarrior They don't though. When those 200 people default you lose 200m off the principal. If 50% is recovered then you get 100m back so the principal is still only worth 900m. And then add the 10% interest the remaining 800 people are still paying which would be 80m a year.