[investigateworld]

-------------------------------------------------------------------------------- To: churchillbuff "In the Philbrooks' case, John and Karen borrowed almost the entirety of the $244,000 cost of their modest North Highlands home: One loan was written for $195,000 at 6.375-percent interest; another financed the remainder of nearly $45,000 at 9.125 percent. The rate on the small loan was fixed. But on the large loan, the rate was fixed for only two years, and after that it was variable"

stephenjohnbanker wrote: "There will be a TRILLION dollars in keys mailed back to the mortgage companies. And the fed will bail many out.

13 posted on Friday, September 22, 2006 8:56:35 PM by stephenjohnbanker (Our troops will send all of the worlds terrorists to hell in a handbasket with no virgins!) [ Post Reply | Private Reply | To 1 | View Replies | Report Abuse]

A thousand internet points for your foresight ;^)

[stephenjohnbanker]

LOL! It was within a month of that post that I started shorting(big time) the following stocks...

Countrywide Thrift
WAMU
Wachovia
KB Homes
DL Horton

I made enough money in 12-14 months to retire ;-)