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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (198558)	10/18/2002 1:16:22 PM
From: Tommaso	Read Replies (3) \| Respond to of 436258

I just did this as a joke, mostly, after reading some comments last week, but look at the email I just got: Thank you for your recent internet application for a Home Equity Line in the amount of 100,000. We are happy to inform you that your request has been approved. You will be receiving a loan package in the mail within the next few days. These papers will need to be signed and notarized and returned to us using the return receipt. The fees associated with this request are follows: Flood Certification $11.50, Title Search $87.00 and Recording Fees 32.00. These fees will be deducted from the line. Once you have reviewed the package, please feel free to call me with any questions you may have. You would think they would include a ten-foot length of rope pre-tied in a noose along with it!

To: Joan Osland Graffius who wrote (198558)	10/18/2002 2:50:10 PM
From: Earlie	Respond to of 436258

Joan: The auto boyz are staring at the ceiling these nights. As has been discussed, their used car lots are chock-a-block and the prices are in linear descent. A year ago, I commented on the evolving impact of the "lease bubble" (which is now fully evident). Now, they have to contend with the impact of the glut of used cars resulting from the zero-financed new car situation. I don't envy them. And as you note, it suggests more "down" for used car prices. Few folk seem to be aware of the fact that most auto dealerships make peanuts on new car sales (the nut tends to be covered via maintenance and the "juice" is made on the used cars). Not going to be much fun for the foreseeable. Best, Earlie