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Message Subject Now Obama Wants Your 401(K)
Poster Handle Anonymous Coward
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technically, since your share of the debt is more than you have, you dont actually own anything

it's a FRN because it doesnt belong to you, it is theirs, for all DEBTS etc. It is a confirmation of DEBTS not your ownership of anything
 Quoting: Anonymous Coward 25390958


:yes:
 Quoting: Carshy McCarsh


some may think just because nobody's come to collect yet, that all the talk about your own piece of a 16 trill debt(ACTUALLY 10 TIMES MORE AT LEAST) will be payable somehow.
technically, if you are even one penny in arears you are broke and the lender can claim everything you have for its own
 
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