Friday, November 30, 2007

"Troubled Subprime Borrowers"

This is a funny phrase being used over and over on CNBC.

I picture millions of poor Americans, "troubled" by their inability to pay back their mortgages.

I don't think that's the case. Instead, I think they're probably quite happy.

They're sitting there in their unpaid-for-homes while Wall Street freaks out. They don't have any investments, so, they win. And lets face it, they probably hate Wall Street people and "the rich."

Yep, "the subprimers" are out picking up their 6-packs of Bud while we speak.

Party on subprimers, party on.

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