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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (1180)10/1/2003 1:55:09 PM
From: yard_man  Read Replies (1) of 110194
 
got a new sign out a block down the street from where I work -- advertises home equity loans -- 1.9%

On another local note -- appears that the crew locally that had a ponzi scheme which supposedly repackaged car loans and resold them to the public -- the principals ARE going on trial for securities fraud. Didn't think it was gonna happen ... my Dad got out of these "CD" like investments just in time - 3 years ago -- at the time they were yielding 3-4% better than a real CD. Folks that were in them when the outfit went belly-up -- got about .03 on the dollar in new equity
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