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

To: ild who wrote (15642)	6/21/2004 3:21:05 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 110194

ild, I had lunch with some subprime mortgage brokers recently. One of my questions to them was who were taking the subprime loans off their hands. The two guys said everyone, they were under the impression it was all the big banks. It will be interesting to find out, a few months from now, that all the banks are deep in subprimes, the GSEs are deep in the conventional loans, the WM and GWC are deep in adjustables and bottomline: everyone are deep in mortgages.

To: ild who wrote (15642)	6/21/2004 3:25:09 PM
From: Skywatcher	Respond to of 110194

Crude futures fall, close under $38 a barrel By Myra P. Saefong SAN FRANCISCO (CBS.MW) -- July crude closed at $37.63 a barrel on the New York Mercantile Exchange, down $1.12, or 2.9 percent for the session with ongoing violence in the Middle East failing to have any real impact on oil production, at least for now. It will take "a sabotage event of magnitude that directly affects supply, like the destruction of a pipeline or terminal," to see oil move through $40, said Kevin Kerr, editor of newsletter Kwest Market Edge. July unleaded gasoline and heating each closed with a loss of 3 percent. July natural gas fell 2.8 percent.