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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tradelite who wrote (145704)1/23/2002 6:25:57 PM
From: mishedlo  Read Replies (1) of 436258
 
Trade give us Percentages.
If you want me to believe that this refinance boom and housing boom is not built on 80-90% leverage or better, you better come up with some numbers.

Now let's say that 50% of people are leveraged 50% or less.
That is still one hell of a large bet that FNM has made on the 50% that is leveraged 85-90%.

This refinance boom is the ONLY think propping up housing as well as consumer spending. When it goes, all hell will break loose, and that will be sometime this year. BOOK IT!

M
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