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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (67374)	8/9/2007 9:00:38 PM
From: TobagoJack	Read Replies (2) \| Respond to of 116555

the words "contemptible" and “revolting” come easily to mind when watching the goings on now by the boyz i am beginning to see what the frech revolution was all about

To: mishedlo who wrote (67374)	8/10/2007 1:21:42 AM
From: Webster Groves	Read Replies (1) \| Respond to of 116555

That CFC statement was part of the CYA boilerplate in the 10-Q released just after the close today Thurs. (for the retail crowd - the "boyz" see 'em earlier by direct subscription). Nothing in the 10-Q that wasn't on the previous conference call. I'm not saying it's good or bad, just not NEW news. wg

To: mishedlo who wrote (67374)	8/10/2007 7:17:30 AM
From: Yulya	Read Replies (2) \| Respond to of 116555

When it comes to residential lending, if you're not a bank and can't access the overnight window, you are GUARANTEED to have liquidity issues. And it will only get worse for CFC. Next year the first '03 vintage 5/1 prime ARMs are due to adjust. Many of these borrowers added HELOCs thru CFC at the peak in '05 and are now possessed of insufficient equity to refi out of a payment that will hurt. CFC as a single digit stock? Perhaps the only reason it may not happen is they are finally a player big enough that failure won't be an option for the Fed. This is the one to watch.