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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 (79992)	3/14/2007 12:16:07 PM
From: Real Man	Read Replies (1) \| Respond to of 110194

Yep, I think it's over, we might crash this Friday. I'm not betting the farm on it though

To: russwinter who wrote (79992)	3/14/2007 4:54:49 PM
From: orkrious	Read Replies (2) \| Respond to of 110194

From Fleck's friend: fleckensteincapital.com My friend in subprime updated me last night, as follows: "The Alt a space has deteriorated very quickly, but not yet public. $40 billion in subprime still waiting to find a home. No loans will be bought at attractive prices until May production as it will be underwritten to new guidelines. The triple bbb's are a mess. The hedge funds that bought it are all in trouble. He [his source] says warehouse guys and Alt a guys are now next. Alt a guys may be worse as less insurance on those loans to protect them. The loan sizes are bigger as well. They may be worse than subprime when all said and done." Obviously, the unwinding is just getting started, regardless of what the bulls think.