I was inspired by this thread over at Calculated Risk to make that poster.
Leveraged Ninja writes: They better not stop making ninja loans. Or else.
Leveraged Ninja 08.22.08 - 1:26 pm
Margin Call of Cthulhu writes: You're out of luck on that lyre loan. So is my buddy the ninja. He was really excited that they were marketing directly to him. It's really hard for ninjas to document income.
Margin Call of Cthulhu writes: You're out of luck on that lyre loan. So is my buddy the ninja. He was really excited that they were marketing directly to him. It's really hard for ninjas to document income.
Margin Call of Cthulhu 08.22.08 - 1:26 pm
NINJA loans explained by Wiki:
"No Income No Job No Assets:
A ninja loan is a type of subprime loan issued to borrowers with No Income, No Job, (and) no Assets. The phrase was coined by HCL Finance as a name for one of their finance products. They were especially prominent during the United States housing bubble of the 2000s but have gained wider notoriety due to the subprime mortgage crisis in July/August 2007 as a prime example of poor lending practices[1]."
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5 comments:
That is one hot ninja.
That's all I got for today. Oh, except I covered KRE just below the 50 EMA @ 30.52 two days ago and was lucky enough to nab SMN today at 34.10 (just below the 50 EMA).
After the short covering in oil and commodities the middle of this past week, I'm looking forward to seeing them continue the downtrend. USO didn't quite hit the 50 EMA before rolling over which makes me think it will cruise straight through the 91 support level with 80 being the next stop -- hello demand destruction and deflation.
-Mike J
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