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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 (29251)	3/23/2005 3:57:54 PM
From: ild	Read Replies (1) \| Respond to of 110194

Trustees Issue New Forecasts For Social Security, Medicare Associated Press March 23, 2005 1:56 p.m. WASHINGTON -- The trust fund for Social Security will go broke in 2041, a year earlier than previously estimated, the trustees reported Wednesday. Trustees also said that Medicare, the giant health-care program for the elderly and disabled, faces insolvency in 2020. The new projections made in the trustees annual report were certain to be cited by both sides in the massive battle to overhaul Social Security, which President Bush has made the top domestic priority of his second term.

To: ild who wrote (29251)	3/23/2005 11:55:11 PM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

Even if the short end is going up fast it still doesn't stop those 1.25% option ARMS programs from continuing to allow marginal buyers in bubble markets to get in and qualify with a very low start payment rate. As an example you can still keep your payment under $1k and borrow $350k. Of course your balance grows by the spread and if properties go down only a little in the next few years the borrower is already so far upside down most likely he walks away.