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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (343687)9/17/2007 7:44:08 PM
From: stan_hughes  Read Replies (2) of 436258
 
A bit of a telling comment there --

"It is not a subprime thing, the very small portion of subprime loans we have is performing well within expectations," said E-Trade President and Chief Operating Officer R. Jarrett Lilien in an interview with the Associated Press. "Really what is going on right now is your second mortgages, home equity lines of credit, and installment loans. That's really the issue where the market is deteriorating."
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