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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (80360)	3/26/2007 1:16:25 PM
From: 5thGrader	Respond to of 110194

Morgan Stanley To Auction $2.48 Billion In Mortgages -Report Sectors:Financial Services Companies:New Century Financial Corp. \| Morgan StanleyBy CNBC.com \| 26 Mar 2007 \| 10:20 AMFont size: Morgan Stanley is in the process of holding an auction for $2.48 billion in mortgages from subprime lender New Century Financial, The New York Post reported Monday. The loans represent the collateral given to Morgan Stanley Morgan Stanley for a $2.5 billion credit line the firm extended to New Century Financial New Century Financial Corp (NEWC) 1.81 -0.19 -9.5% As New Century, of Irvine, Calif., sank deeper into financial trouble earlier this month, Morgan Stanley assured the market that the loans and repurchase agreements it had made to the company were in order. The Post reports that it now appears that Morgan has less confidence in the health of the collateral. Morgan Stanley, not wanting to draw attention, announced the sale of the 13,200 loans in a small public auction notice in a print ad Friday. cnbc.com If you live in a non bubble market you can do either flip or buy or hold for cash flow and build equity the slow old old fashioned way Easy come, easy go, slow wealth accumulation hopefully leaves you with an investment philosophy that keeps your money from being easily lost overnight.