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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (18549)	9/10/2002 9:57:14 AM
From: Jim Willie CB	Respond to of 36161

more on housing finance industry, FannyMae offers warning just now on CNBC debt-equity ratio at 60:1 !!! with mortgage finance industry average now at 12:1 I dont believe this factors in equity appreciation it points to FannyMae hosting 2% downpaymt loans, or worse and the industry hosting under 10% dp loans utterly shocking underlying force behind the MOTHER OF ALL FINANCE BUBBLES this rivals the high dollar actually the entire USEconomy is a larger bubble who am I kidding? as you say, it wont fail anytime immediately but cracks are all all all over the place when jobs continue to peter off, trouble when rates reverse, as Fanny warned, bigger trouble agreed, much bigger than Enron I read (cannot remember source) Fanny has insurance of tens of billion$ with liability in the trillion$ / jim