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

To: stan_hughes who wrote (342257)	8/29/2007 7:26:51 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 436258

So 150% LTV is the wave of the future?

To: stan_hughes who wrote (342257)	8/29/2007 7:59:05 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

sorry charly, savings banks have nothing to do with this one. 90% of this crap is off the bank books, unlike the old days. it was resold. a verrrrrrrrrrrrrrrrry, important difference.

To: stan_hughes who wrote (342257)	8/29/2007 9:43:34 PM
From: Giordano Bruno	Respond to of 436258

>Re: day of reckoning -- this will still come for those funds public and private who have lost money and not yet fessed up, and there are many of these cockroaches still out there waiting to be discovered< You rang? Aug. 30 (Bloomberg) -- The yen strengthened against the 16 most-active currencies as investors sold higher-yielding assets purchased with loans from Japan after an Australian hedge fund filed for bankruptcy protection. The currency gained against the dollar and the euro as Sydney-based Basis Capital Fund Management Ltd.'s Basis Yield Alpha Fund said in the Aug. 28 petition that home loan defaults had wrecked the value of its debt holdings. The yen rebounded from a decline yesterday sparked by gains in U.S. stocks, which had encouraged investors to resume so-called carry trades. ``This report revives concerns over how much deeper the subprime mortgage losses will be,'' said Masanobu Ishikawa, general manager of foreign exchange at Tokyo Forex & Ueda Harlow Ltd. ``It's natural for carry trades to be unwound and the yen to be bought.'' bloomberg.com quotes.ino.com