http://www.abc.net.au/news/stories/2007/09/08/.htm

here are my thoughts and some confusions.

1) why are these cases like in San Diego and Los Angeles happened now?

2) why are these lawsuits happen now when the housing market is
bad esp with the sub-prime loans? is this a coincidence?

3) also, when the internet was exploding, how come these abuse cases did not
show up until recently? maybe some folks are too busy making millions that
they forgot about how they were abused?

4) did u know at least 2 million Southern California folks will lose their homes
either this yr or next yr because they buy more for what they can afford?
i wonder what is the best word to describe "buying & spending beyond your limits"?
the ARM expires and their mortgage jumps.

5) did u know that the lawyers take like 50% of the settlement?

6) did u know that most lawyers in this settlement owns many properties in prime
locations are they are "flippers" too?

7) btw, did u know that the USA esp the San Francisco Bay Area is know as
the Golden Hill by the chinese immigrants?

8) finally, i believe that when people are desperate are $, they will do everything.


i wonder....