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

To: Ramsey Su who wrote (38175)	8/9/2005 9:24:36 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

In the case of car loans, the collateral backing these loans is falling out of bed. Mostly this has happened since May, money.cnn.com and can't imagine this helping the recoveries of a company like ACF. The ABS market should be in even worse shape than the MBS market at this point. A lot of the major structural changes in these markets is late second quarter and building into the current quarter stuff. So much is going to depend on when these companies do their audits, or post their internal results. When I see a result like ACF though, I wonder about their accountants? I'll listen to their call.