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To: Ahda who wrote (83524)	3/20/2002 2:22:59 PM
From: Ahda	Read Replies (1) \| Respond to of 116760

12:02AM General Electric criticized by PIMCO's Bill Gross (GE) 39.25 -0.65: -- Update -- A piece about GE by PIMCO bond fund manager Bill Gross is getting a lot of play today. Gross is focussed primarily on the fact that GE Capital has commercial paper outstanding which is three times the size of their bank credit lines, and that this exposes the company to the "mercurial opinions" of analysts and managers. Gross says that as a result PIMCO will own no GE commercial paper for the foreseeable future. Creative and more creative and it has to get to be realistically possible before it becomes an impossible situation.

To: Ahda who wrote (83524)	3/21/2002 2:13:08 PM
From: long-gone	Respond to of 116760

As we've spoken of in the past, the real estate markets across the broad United States have not seen inflation. Might this(and perhaps there were more) have added to the real estate inflation seen in some US markets? Thursday March 21, 2:00 pm Eastern Time U.S. announces $60 million predatory lending settlement WASHINGTON, March 21 (Reuters) - Home loan borrowers with spotty credit who say they were misled by a California mortgage lender stand to recoup as much as $60 million in a legal settlement announced on Thursday by the Federal Trade Commission. ADVERTISEMENT The agreement, which must still be approved by a federal district court in Santa Ana, Calif., would settle charges the FTC filed in October 2000 against First Alliance Mortgage Corp., headquartered in Irvine, Calif., on behalf of 18,000 borrowers, the commission said. Attorneys general from California, Arizona, Illinois, Massachusetts and Florida also filed lawsuits against First Alliance. ``This settlement represents the latest law enforcement action in the FTC's efforts to combat fraud and deception in the subprime home mortgage lending business,'' the federal agency said in a statement. First Alliance marketed home loans secured by first mortgages to borrowers with poor credit histories using telemarketing and direct mail, the Federal Trade Commission charged. The company's sales pitches misled consumers about fees, rate increases on adjustable rate loans, and the amount of monthly payments on adjustable rate loans, the FTC said. The settlement establishes a redress fund, administered by the FTC and distributed to people who borrowed from First Alliance from 1992 through mid-March 2000 who have not previously settled with the company. The fund includes all of the assets of the company, which has declared bankruptcy, after payments to creditors, and $20 million from the chairman of the company, Brian Chisick, and his wife, Sarah Chisick, who held a seat on the company's board. The agreement also bans the Chisicks from making mortgage loans in Arizona, Massachusetts and New York for 10 years. biz.yahoo.com