You know how in “Checkmate,” Jadakiss’s anti–50 Cent diss track (remember when that was a thing?), ’kiss quips, “Yeah, you got a felony / But you ain’t a predicate / Never the king of New York / You live in Connecticut”? It occurred to me that that could totally be a barb aimed by a thugged-out Manhattan hedge-fund manager at a peer who abandoned the bright lights of the big city for the subdued suburban glow of the Constitution State, which, I’ve been told, is also a big hub of nefarious finance activity. (Isn’t Stamford, which Nitro blew up in the first issue of Civil War, an especially hedge-friendly locale? Makes you wonder just who’s bankrolling Tony Stark’s pro-Registration forces.)
And the line “You should just sell clothes and sneakers” could totally be a dig at private-equity firms that try to micromanage the companies they invest in! Just saying.
Incidentally, if my research findings are correct, 50 does not own his house outright; he has, or had, a $1,100,000 mortgage from SunTrust — an adjustable-rate mortgage, no less. Think he’s feeling the sting like everyone else?
The raising of interest rates on millions of adjustable rate mortgages over the next several years has all the makings of a classic horror story.
As home prices appreciated from ridiculously high to unbelievably higher, more Americans began using mortgages that allowed them to buy more house for less of a monthly payment. Next year, a large portion of those rates move up and homeowners who opted for the exotic mortgages could find their payments doubled. Talk about bloody.
Well, not as bloody as a gunshot to the jaw, but bloody enough. Let’s just hope 50 saves with ING-Unit.
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