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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (21806)	8/31/2007 2:17:58 AM
From: elmatador	Read Replies (2) \| Respond to of 219451

Target help to borrowers in democrat-strong states to win election 2008. It is a countermesure to democrats giving campaign donations to as charity to help borrowers. Still, the move will help only a small portion of homeowners -- and few in high-cost states such as California or New York -- because the FHA faces constraints on the size of the loans it can back and strict rules that borrowers must meet. The Bush administration has been pushing Congress to enact overhauls that would eliminate the required 3% down payment and raise the size of the loans the FHA can insure to as much as $417,000 from $362,790. Senate Banking Committee Chairman Christopher Dodd (D., Conn.) said recently that FHA reform will be among his priorities when Congress returns from its August recess, and a bill is expected to head to the full House this fall. In another move, Mr. Paulson and HUD Secretary Alphonso Jackson have instructed their staffs to begin working with mortgage lenders and others to identify borrowers who are in danger of defaulting. They also are trying to work with private lenders and mortgage giants Fannie Mae and Freddie Mac to develop loans for borrowers who will likely face default if they can't get more flexible terms

To: Moominoid who wrote (21806)	8/31/2007 3:02:04 AM
From: TobagoJack	Read Replies (4) \| Respond to of 219451

that news came through friend's blackbberry when four of us were at lunch, three moolah mangers and little old me. #1 guy reaction: OK, I am going 100% cash tonight, will not play until I figure everything out, because whatI thought may happen isn't #2 guy reaction: cash is already my position, and every other position I have is a paired trade and so hedged; now the question is what flavor of cash. (this guy had given up his US citizenship in 1992 for Irish passport) #3 guy reaction: I am going down to 25% long, will remain there until whatever. (this guy will look into de-camping from USA permanently) Collectively they represented about 4 billion in nav under management My reaction: my guess is shares will go up, but USD will not go down, and the ABCP ought to roll over tonight upon expiration, now that Bush, in his 'I can do anything anyway I like" stance has announced his insane intentions to save the fat cats while claiming to help the little guys. P.s. we were supposed to buy panda gold coins, but the distributor is closed for the day due to coin exhibit, and the Bank of China HQ and branches had altogether 4 (2007 vintage) coins for sale,and we are still in August of 2007. The stockout is happening earlier and earlier each year. P.p.s. Raging inflation, straight ahead, to be followed monetary demise.