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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 (70858)	10/3/2006 5:22:22 PM
From: Ramsey Su	Respond to of 110194

Russ, The main spin I've heard is that Wall Street will some how move in with their unregulated entities, take away the toxic business, and just continue on with the abuses, even if the regulated entities are impacted. That is absolutely NOT what I am hearing. For whatever reason, Wall Street believes the lenders have already tightened their standards so that if they are not in compliance, they are within this "wiggle" room (which I cannot find in the guidances). The number of loans not in compliance, is therefore very small. I could not believe what I was hearing. Ramsey