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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (341843)	8/23/2007 9:57:54 PM
From: Real Man	Read Replies (1) \| Respond to of 436258

The eye of the storm will be all the huge mortgage rate resets starting this Fall. With all weird loans shut down, J6P will have nowhere to run. Arghh, I don't think da Fed will be able to bail out the mortgage market, they just provided liquidity for now, which is causing the derivatives-based market rally. However, if banks are not willing to make more loans, da crap will hit da fan, and there is nothing da Fed can do. And then some redemptions from hedge funds are coming.