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Politics : Welcome to Slider's Dugout
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To: Broken_Clock who wrote (5926)8/11/2007 1:46:54 PM
From: Fun-da-Mental#1  Read Replies (1) of 50514
 
CFC is the biggest mortgage lender and they claim to have $50 billion in cash. Sub-prime is only a small fraction of their business. They bought five offices from AHM for pennies on the dollar, days before it went bankrupt. They obviously think they're doing all right.

Anyway, I'll probably sell on wednesday, before the July housing starts data comes out, since no doubt it will be terrible, and it's a reliable leading indicator for the economy and the stock market.

Fun-da-Mental
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