Belmont Club

By Richard Fernandez

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Going under

July 1, 2009 - 2:21 pm - by Richard Fernandez
Gordon
2009-07-01 17:13:40

You owe $125 on a $100 house? And the solution is to borrow that on a new loan? Reminds me of the punchline to an old Lone (loan?) Ranger/Tonto joke:

LR–Wait!! There’s a dust cloud! Maybe help’s coming! Gimme the binoculars.
T: Well? Is it help? Is it the cavalry?
LR: Nope–more Indians.