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To: Giordano Bruno who wrote (364204)	4/1/2008 9:25:56 AM
From: Secret_Agent_Man	Respond to of 436258

ok this must be it- Stocks are set to rally at the opening on Tuesday, boosted by recapitalization plans at UBS AG (UBS) and Lehman Brothers (LEH). Investors seem encouraged that the financial institutions are taking aggressive action to improve their capital bases. Additionally, Lehman Brothers said that it plans to offer 3 million shares of non-cumulative perpetual convertible preferred stock, series P, with a par value of $1.00 per share and a liquidation preference of $1,000 per share.... yeah right!

To: Giordano Bruno who wrote (364204)	4/1/2008 9:29:57 AM
From: ldo79	Read Replies (1) \| Respond to of 436258

digging around this morning I ran across this from a report done by a RE banker - (an honest one by the looks of this) "Unfortunately, it's going to get a lot worse before it gets better. According to the latest estimates, over 2 million subprime and Alt-A adjustable rate mortgage (ARM) holders will face payment increases of up to 30%-100% when their loans reset in the next 2 to 18 months. These loans make up less than 40% of the total mortgage market, but the negative effects, as we have seen, of increased foreclosure activity can have a ripple effect throughout the industry and around the globe."