Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Sharp_End_Of_Drill who wrote (18546)	9/9/2002 12:37:58 PM
From: Jim Willie CB	Read Replies (1) of 36161

we have extreme Conflict of Interest in real estate now the originators have no concern about creditworthiness the GSE portfolio buyers have no concern about originations this is akin to stock IPO's tout the stock to the customers, like a true whore buyers buy based on trust of the system I read that FannyMae has insurance coverage totaling about $10-20 billion but liabilities in the $ trillions like Naz tech stocks, this will end badly the higher RE goes, the farther it will drop / jim

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