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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 139.60-6.2%3:59 PM EST

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To: Jacob Snyder who wrote (6188)7/5/1998 12:59:00 AM
From: Gottfried  Read Replies (1) of 10921
 
Jacob, you said > it ought to be illegal to borrow more than the value of the house. <

While I care much more about the borrowers than the lenders,
it's not even good business to lend 125% of value for the
reasons you gave: in a downturn this could easily be much
more than 125%.

These lenders are creating a bubble!

Gottfried
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