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12-08-2006, 08:51 AM
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#1
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Recycles dryer sheets
Join Date: Jul 2006
Posts: 235
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subprime loans
quote from FT article
[Ownit Mortgage Solutions,a small Californian mortgage lender , in which Merrill Lynch has a 15 per cent stake, closed its doors yesterday.
Moody’s put a handful of 2006 subprime deals on watch for downgrade – the first negative ratings activity for bonds originated in these years.
HSBC, the third-biggest bank, has announced bad debts are rising in its US mortgage business. ]
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12-08-2006, 09:00 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Re: subprime loans
It ain't gonna be pretty...
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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12-08-2006, 09:04 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Re: subprime loans
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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12-08-2006, 09:05 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,527
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Re: subprime loans
... will be an exciting opportunity.
__________________
FIRE'd since 2005
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12-08-2006, 09:25 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Re: subprime loans
 Quote:
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Originally Posted by tryan
... will be an exciting opportunity.
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Definately. But not for a couple of years.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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12-08-2006, 09:40 AM
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#6
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Recycles dryer sheets
Join Date: Jul 2006
Posts: 235
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Re: subprime loans
Yes, need see blood floating the street.
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12-08-2006, 01:01 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Re: subprime loans
Quote:
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Originally Posted by semtex
Yes, need see blood floating the street.
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Perhaps you could provide this with your signature product?
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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12-08-2006, 08:37 PM
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#8
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Recycles dryer sheets
Join Date: Jul 2006
Posts: 235
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Re: subprime loans
Ha,
Maybe more efficient, powful , CDS something. The street is poping out many new products.
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