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


To: DOUG H who wrote (11199)4/2/2004 2:11:01 PM
From: Peter Joseph  Read Replies (1) | Respond to of 110194
 
Re: refi $

<< It's being used to pay HH expenses and health care. That is scarily close to the bone and in those cases a raising ARM puts them with the fishes. >>

Well said!

i reload the Yahoo Finance page, about a 100 times during a typical weekday (i know, too distracted). During the last 10 days or so, one headline has stayed riveted:

"Alan Greenspan's Call to ARMs Could Put You in Great Financial Danger"
=========

At least the folks at Yahoo want to save us from the Fed and lenders' lunacy.