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

To: carranza2 who wrote (30039)	2/27/2008 9:51:23 PM
From: Ilaine	Respond to of 218219

Yeah, but they don't and they won't. The banks don't own the loans, anyway, they sliced them and diced them and securitized them so they're owned in pools. I imagine that if the law passes the banks will see the light of being more cooperative.

To: carranza2 who wrote (30039)	2/28/2008 1:16:22 AM
From: TobagoJack	Respond to of 218219

just in in-tray that is bullish news for out paired and very directional trade that is SKF and SRS QUOTE Spoke with a Very Senior Management Executive at one of the Big Investment Banks yesterday. He said he expects 50,000 layoffs on Wall Street this year. Can't be good for New York office space in spite of the idiotic bid for the GM Building..... UNQUOTE

To: carranza2 who wrote (30039)	2/28/2008 7:59:15 PM
From: Ilaine	Read Replies (2) \| Respond to of 218219

Senate failed to get cloture on housing package. Reid came up very short, 48-46. All Democrats voted for it, only one Republican. So that's that. I will start telling my clients to walk away, Congress won't help, the lenders really can't help if there is (as is typical) a second mortgage with another lender. The junior lender would be wiped out, stripped off, and there's no incentive for them. Easier for me, though. I don't have to file adversary proceedings, just surrender in full satisfaction. Take these keys and shove 'em.