Saturday, November 12, 2011

Need a Good Laugh?

While SM and I were having coffee this morning, I read him this article currently posted on Yahoo.

How a Financial Pro Lost His House

If you haven't read it yet, take a few minutes if you can.  Be sure and read the comment section.  Always good for a laugh.

SM and I enjoyed discussing the rationalization behind it all.

Psst...No one to blame but yourself, Dude.  Funny how we can talk ourselves into believing ANYTHING. 

Anybody gonna buy the book?

4 comments:

  1. Haha, that was a good one... This is my favorite comment so far... "LOL security guard goes for job in securities and gets it. Kinda shows the quality of financial advice you are going to get from these people."

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  2. Ha...and you thought that someone who new the difference between security and securites was handling your money!!

    It was nothing but greed and the "I am entitled to" attitude that created the situation.

    At that time, I was working as Director of Architecture & Purchasing for a construction company. You would not believe what people's financial statements looked like. Many were closing with 80% of their take home pay going toward the mortgage. It wasn't unusual to see $50,000. in credit card debt. Some were even taking interest only mortgages! Believe me, the Director of Sales could get just about anything and anyone approved.

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  3. That was sad on so many levels. And the comments from some people.....it will never cease to amaze me how there is always a "reason" for out & out stupidity.

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  4. This isn't the first time I've read of financial planners whose own doings were stupid. I guess any idiot can give financial advise. Cripes. Well, he actually got exactly what he had coming--greed is the great equalizer. And buy his book-ha!

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