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To: Tommaso who wrote (196597)	10/9/2002 6:29:01 PM
From: Box-By-The-Riviera™	Respond to of 436258

i think its a lot more simple than trying to find out what goes on in the back rooms at bush's house, jpm's house and all the other back rooms. three years ago when this thread really got going, theory was all we had.... and i say we loosely. i was a late student. take out enough stones the shit falls even if you try to put a tv canvass up for tv nation to make it look like it is not falling, when that shit hits you in the head, it ain't made for television anymore. it has been a very very long time.... a generation even... since people had to smell each other in this country.... we are getting very very close to finding out again, what it smells like. when clocks stop, and the earth stands still... right then is a moment of recognition. what will "they" do? the rest is the noisy distracting sounds of the band while the ship goes down until all and sundry are either dead or floating as best they can in the quiet undisturbed night seeing.

To: Tommaso who wrote (196597)	10/9/2002 6:50:10 PM
From: oldirtybastard	Read Replies (1) \| Respond to of 436258

i think the 100-120% excludes mortgage obligations

To: Tommaso who wrote (196597)	10/9/2002 8:35:59 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 436258

A couple of personally observed credit bubble data points: On Monday, I'm working on the computer, planning my trades and trading my plan. The phone rings...it's a rep for MBNA, calling to tell me they were jacking up my credit limit, and that they had 0% financing, allegedly including CASH ADVANCES through February! WTF, free money, literally! Knowing those slimy weasles, there's probably a catch that would render said free money payable at 17%, but interesting if true. Yesterday I receive an unsolicited mailer from WAMU, offering me a NO-FEE, preapproved $100,000 home equity line of credit at 4.5% adjustable. All I had to do was show up at there local office, prove I had a pulse, and VOILA! This tells me one of two things. Either my FICO score has just rocketed passed Stephen Hawking's combined SAT scores, or these companies are deep into Ponzi finance. I.E., they have literally exhausted the entire pool of profitable loans, and now have to generate new loan volume (at a LOSS) to dilute the rising tide of delinquincies on their books. I wouldn't rule out the former (I have a superb credit record, FWIW), but I suspect the latter is at play.