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

To: russwinter who wrote (995)	9/24/2003 5:12:46 PM
From: ldo79	Respond to of 110194

If not mistaken, that came out of a recent Atlanta Business Journal - front page. Similar articles (high foreclosure rates) ran in the Fort Wayne Journal Gazette and the Plano (Tx) Star Courier. Very bullish <ng> for marginal/sub-prime lenders - no? Regards, ldo79

To: russwinter who wrote (995)	9/24/2003 5:17:29 PM
From: ldo79	Respond to of 110194

And along the same lines. September 22, 2003 OP-ED COLUMNIST Caught in the Credit Card Vise By BOB HERBERT I'm still paying for groceries I bought for my family years ago," said Julie Pickett. She meant it literally. Mrs. Pickett and her husband, Jerry, of Middletown, Ohio, are trapped in the iron grasp of credit card debt. Except for the fact that no one is threatening to damage their kneecaps, they're in the same dismal position as the classic victim of loan-sharking. nytimes.com Regards, ldo79

To: russwinter who wrote (995)	9/24/2003 11:11:30 PM
From: ldo79	Respond to of 110194

Reuters UPDATE - FHLB-NY misses dividend due to portfolio losses Wednesday September 24, 7:45 pm ET By Dan Wilchins (Adds political background, market information, byline) NEW YORK, Sept 24 (Reuters) - The Federal Home Loan Bank of New York said on Wednesday it will not pay a third-quarter dividend because of big losses in its investment portfolio, a move likely to give new ammunition to critics of entities like the home loan banks, Fannie Mae and Freddie Mac. biz.yahoo.com Regards, ldo79