Ben,
   This is what I wrote about a few weeks ago!! I'll say it 
again:
 
HOLY COW!! You have seen nothing yet!! I swear, 75% or more of the loans 
coming out of CA the last few years were these "Option ARM's"!!!
 
Lenny
 
In a message dated 1/2/2008 12:14:16 A.M. Eastern Standard Time, 
profitok@xxxxxxxxxxxxx writes:
  
   Pay Option ARM's - California's Billion Pound Gorilla | Loan 
  Modifi
 
  
  
  
  
   
  this smells like GoGo yrs of ENRON with fancy 
  names