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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (29177)	12/6/2007 2:24:27 AM
From: Madharry	Respond to of 78740

read the bloomberg release of the paulson plan. I guess if Im a subprime borrower I would devote all my energy into getting my credit score below 660 so look for mortgage delinquencies to really soar now. I suppose anyone with an arm might want to try this strategy too, especially if they have little or no money down. im guessing this is not good news for insurance companies. I also wonder how legal it is for a government to come in and change the terms of a legally binding contract years after it has been signed, and then qualify by an arbitrary credit score. This should be a bonanza for the legal profession.