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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (765)	9/15/2003 1:28:10 PM
From: loantech	Read Replies (2) \| Respond to of 110194

Scott you would not belive what I have seen at my desk the last 7-8 years. Not only are people taking on way too much debt the lenders whom are backed by FNMA and FDMAC and their banker friends have all but thrown all common sense out the window with the "new and enhanced" underwriting standards. I feel sorry for most people who don't see the picture. This credit expansion was a big trigger in getting me to invest in the mining stocks in 1998. A bit early but still standing. <g> Tom