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To: mishedlo who wrote (36005)8/26/2005 11:27:58 AM
From: Knighty Tin  Respond to of 116555
 
And we have to remember that China and Chevron just went toe to toe to gain access to Unocal's reserves in Indonesia. It is a crazy world.



To: mishedlo who wrote (36005)8/26/2005 12:47:53 PM
From: PAST  Respond to of 116555
 
Is this a great country, or what? Need a house down payment, easy, just rent it!

"Bizarre 'asset rentals' scheme
Kenneth Harney
August 26, 2005

Call it "funny money" for the housing boom: Now you don't need actual cash in the bank to buy a house. All you need is somebody who says you've got money in the bank.

Need a hundred grand on deposit to convince a lender you deserve a million-dollar mortgage? You've got it ... even though you haven't really got it because you "rented" it from a company in Nevada for an upfront fee of 5 percent: $5,000...."

newsday.com