The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TheSlowLane who wrote (13725)	5/13/2004 1:15:53 AM
From: t4texas	Read Replies (1) of 110194

i think cnbc should offer lots of disclaimers and verbage against some of these shaky mortgage techniques. more useful to investors and home buyers would be a cnbc spot that gets into the details of what these tricky mortgage programs are and how they really function over the life of some of these too-good-to-be-true mortgage deals. cnbc could take the opportunity to do some real investigation and reporting. cnbc is just being irresponsible by not providing the pros and the cons of this stuff. even though old john boggle says he is a friend of the little guy (i know he is just a mutual fund guy), i don't see why boggle doesn't call out some of these mortgage deals for what they are potentially going to mean. he is on cnbc enough to spend five minutes describing the potential problems for the little guys and their "creative" mortgages that are going to blow up on lots of little (and some big) guys.

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