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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (3575)	10/6/1998 11:15:00 AM
From: TRIIBoy	Read Replies (1) \| Respond to of 18998

I am curious what affect all of these bankruptcies of mortgage lenders will have on interest rates in the long run. If all of these companies depended on securitizing are failing, then there will be less money out there to lend to finance mortgages. And if that is true than won't interest rates for mortgages go up? And if that is true do house sales plummet as borrowing cost go up? Are there any winners from all of these subprimes going under? Does this just make the credit crunch worse than it already is? I guess what I am asking is what is the long term impact of these sub prime lenders going under? It can't be good...