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To: ild who wrote (201557)11/1/2002 12:43:34 PM
From: Win-Lose-Draw  Respond to of 436258
 
here's a yahoo post for those playing with the sub-prime chew toys...

by: hfcinsider
Long-Term Sentiment: Strong Sell 11/01/02 12:33 pm
Msg: 13024 of 13025
 
The new sales comp plan is out for nov and dec. Get ready to see some smoke. Hfc/Bene will be rewarding employees to rewrite all accounts unsec & sec. that are reporting as debt on their books. unsec. loan 1-59DOD = $100 customer gets 8%RATE!! 59-120DOD=$300 120-199=$500 customers on these rewrites will get 5%Rate Sec. loans REWRITTEN/FLIPPED that are secured will get $300. THESE LOANS THAT ARE WRITTEN DO NOT GO THRU NORMAL U/W REQ. THEY WILL ALL BE APPROVED. Playing with your customers is one thing but this goes far beyond now they are playing with us the investors, all of this was disclosed as basically to rewrite our debt and pad the books due to our stock price decline and investor worries over liquidity. IT's getting bad over here consider this your warning.