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

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To: russwinter who wrote (37553)8/2/2005 1:39:38 PM
From: John Vosilla  Read Replies (1) of 110194
 
"They are clearly being indoctrinated from higher ups on how they are supposed to be used, so a butt covering program is underway at CFC, a quasi-tightening via marketing? Perhaps also in response to the letters, and comments coming from the regulators?"

So are they pushing fixed for 30 years in the 5.5% range? How can they make money on that spread now unless Mish's deflation prediction comes true? Greenspan pushed ARM's a few years ago to protect his banker friends from interest rate risk. How can he protect them now? Only hope seems to be a goldilocks economy for a very long time to slowly bring markets back in balance.
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