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To: jpsb
"Yea, and let's not forget the Smith family from Texas City that loses their home when the bank calls in the mortage to cover the loses it took on the falling dollar."

What????

Are you saying the Smith family was short the Euro? LOL! What has their mortgage to do with this?

185 posted on 11/27/2004 7:11:59 PM PST by groanup (Rats are afraid of the light so spread a little sunshine.)
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To: groanup
Yup Oh Smith shorted the Euro, what a dumb butt.

No silly, a falling dollar will ingenite inflation and higher interest rates. If the banks start lossing to much money on fixed rate mortages they will call them in. Then lot's of folks will lose their homes.

186 posted on 11/27/2004 7:18:39 PM PST by jpsb (Ex)
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