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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Patrick Slevin who wrote (11867)	2/12/2008 11:44:05 AM
From: Chip McVickar	Read Replies (1) of 12410

Treasury Secretary Paulson coming applying more pressure to the lenders 11:30 am : Stocks are trading near their highs as the bullish bias remains intact. Treasury Secretary Paulson currently speaking about the White House's foreclosure help plan, "Project Lifeline". All 90 day delinquent homeowners will be able to get their foreclosure suspended for 30 days so they can workout affordable loans with lenders. Six of the largest mortgage lenders will be participating in the plan. This time the lenders won't get so rich -- so quick... Not small a secrete.... the lenders get the foreclosed houses back -- sit on them for awhile and sell them for a CAPITAL PROFIT down the road -- only loser is the original home owner 1- no home 2- lost money 3- bad credit 4- hard to ever to buy a home again

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