[The Gaijin]

Some guy somewhere is laughing. He bought his first house with a sub-prime mortgage with a variable rate, but in a rising market - sold for a profit and bought another and another and another. Flipped and flipped into bigger and bigger houses.. Someone played this game and got out before the music stopped with millions. And does not owe anyone a penny.

And some poor schlub bought at the top of the market - cannot afford his newly re-adjusted mortgage - can't sell and is losing everything, including his saving and credit rating.