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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (36335)	3/20/2007 9:06:19 AM
From: maxncompany	Respond to of 78419

The Greenman encouraged the nation to take out ARMS. Then, literally several months later the scumbag announced to the financial world that "if you don't realize that rates are going up and will continue to go up, you have your head in the sand." (paraphrase, but that's what he said)

To: John McCarthy who wrote (36335)	3/20/2007 1:39:14 PM
From: Metacomet	Read Replies (2) \| Respond to of 78419

....amazing.... "-- ignoring the risks associated with subprime “debt instruments.” Also, through the magic of derivatives, many of these Mortgage Backed Securities have been leveraged to the extreme; sometimes at a ratio of 35 to 1. In other words, a home loan of $300,000 -- that may have been secured by a young man with bad credit who makes $12.50 per hour picking up mill-ends and bits of insulation on a construction job site -- has been leveraged into a $10,500,000 securities investment."