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