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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (85442)	2/15/2009 12:38:31 PM
From: robert b furman	Read Replies (1) \| Respond to of 94695

Hi TFF, One key to remember is that loan standards for housing were all but thrown out the window. No need for proof of income ,no money down. Car loan standars have always looked at income to payment ratio. Proof of income has been more needed in auto loans on sub prime than it was with prime. I have no doubt that the securitization issue will not be a positive. The main point being the standards that were associated with these loans were never lowered. I think that uneployment will have a bigger inpact on credit card debt and auto loans than they were simply troubled from the start. Car loans are very easily resolved.They get repod and sold at an auction within 30 days of default. Much unlike a foreclosed house as well. They are far different and the same outcome can not be deduced.IMO Bob