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To: Yogizuna who wrote (14271)	7/14/2005 12:54:40 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 17683

Banks have notoriously been greedy. Bulk of profits come from stealth fees. I knew someone who had taken advantage of low interest teaser rates to take advantage of opportunity for a small business with the intent of rolling debt over into home equity loan. The business did great. But shortly after she borrowed and transferred balances to capitalize on rates, the cc's together lowered her limits making it appear as if she had maxed out her credit cards. Then they used that as a reason to max her rate because she was now considered a "high risk." Her credit went from perfect to very poor and she ended up defaulting on some cards because she was no longer able to get a refi loan. So the banks screwed themselves there.

To: Yogizuna who wrote (14271)	7/22/2005 7:26:28 AM
From: Jeff Jordan	Read Replies (3) \| Respond to of 17683

Yep....He just had to create one more bust before he's left? I guess the FOMC is afraid of 5% GDP? I have no doubt rising interest rates from here will stop the current recovery. I hope the next FED chairman can bring rates down as fast as the Maestro did! I bet Greenie goes to bed every night wondering how he can get his long end up.<g> Don't worry about China's industrial revolution it will lead nowhere!<g> Liquidity liquidity everywhere and not a drop to drink....that's the Federal Reserves goal now.~ng I better Google the word DEFAULT....and the word ACCOMMODATIVE