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To: Elroy Jetson who wrote (64576)3/16/2007 2:18:50 AM
From: LTK007  Respond to of 116555
 
<<This problem is just beginning and will grow with each passing month.>> in support of your view i offer this:)

Being expert in translating GreenSpeak i can say Greenspan's little aside today rates an "ominous" rating.

One does this by using the negativity inflex multiple underlying the use of Geenspam using certain patterns of words that do not equate to "Don't Worry, Be Happy".

First clue leading into an ominous rating was the leading line. Subprime problem will UNLIKELY have a spillover effect.

Greenspan within is saying, "i avoided 'will not have a spillover effect' and covered my butt with 'unlikely', that should be just fine to not roil the markets as optimist will interpret that i said 'will not have a spillover effect'--perfecto."

But o my he then slips in a if they blink, they should miss it comment by saying 'The subprime problem is NOT a small matter'
O my he said "NOT a small matter". My Greenspeak analyzer is sounding a siren.
It translates "NOT a small matter" to mean ' This could be a disaster of , o my, when the SHTF magnitude'
FWIW, Max:)



To: Elroy Jetson who wrote (64576)3/16/2007 8:10:02 AM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 116555
 
LEND just selling close to 3 billion in loans how you interpret this?

Congress may offer price insurance to the underlying assets callable in 7 years - with 3% to 4% inflation this will cover a drop of how much ? Calculated .....well above 50%

Accredited to Sell Loans in Inventory

Accredited Home Lenders Holding Co. (NASDAQ:LEND) (“Accredited” or “Company”) announced today that the Company has reached an agreement to sell substantially all of its loans held for sale that are currently funded out of its warehouse and repurchase credit facilities, asset-backed commercial paper facility, and its equity. The $2.7 billion of loans held for sale will be sold at a substantial discount in order to alleviate recent pressures from margin calls.