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To: Spekulatius who wrote (48959)12/19/2000 1:24:56 AM
From: Ken98  Respond to of 436258
 
Latest Moto Report:

piraz.com

<<Fly me to the moon, but don't tell me no one's departed in the other direction.>> What a great quote.



To: Spekulatius who wrote (48959)12/19/2000 9:44:43 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
<<It may take some time till the real estate bubble bursts but it will be worth it <g>. >>

i certainly agree. and true enough, there has been a mortgage refinancing boom , as well as a huge transfer of mortgage portfolios from the banks who are eager to get loans off their balance sheets in view of bad debts mounting, to FNM. one guess as to which loans get sold first...and FNM/FRE, backed by the magnanimous tax payer, are now more highly leveraged than LTCM was, about 1:154.

the GSE's are WS's big liquidity machines...