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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 (19426)	10/5/2004 1:32:54 PM
From: Crimson Ghost	Respond to of 110194

The following E-mail to Bill Fleckenstein is hard for even a cyncic like me to believe . But we live now in an "anything goes " era where excesses grow ever more egregious. "Every time it seems that things can't get any more ridiculous, they do. I work for a large cable TV operator. We're now entering into deals with new home developers where they roll the cost of five years of cable TV service into the mortgage. By spreading the cost of 5 years' cable bills over 30 years it lowers the borrower's current monthly expenditures and qualifies them for a bigger mortgage payment. Nobody talks about what happens in year 6. Maybe soon the grocery stores will jump on this bandwagon - finance a few years of food costs in with your next mortgage! "