fha's here i come weeeee

___________________
Eyad Allayla - drums cubana - di.fm - tribal house channel - twisted_techy_hooks

quote:

Originally posted by starboy fha's here i come weeeee

FHA will own all the mortgages ultimately -- time to get on the FHA bus.


FHA 585 minimum fico! no reserves! 97% LTV! ftw!

___________________

Merrill Posts Loss on $7.9B Write-Off

quote:

NEW YORK (Dow Jones) -- Merrill Lynch, the nation's largest broker, reported a loss Wednesday for the third quarter and said its write-downs for bad mortgage loans and related securities was almost $8 billion, well above the firm's own previous estimate from just a few weeks ago. Merrill (MER) shares fell 2.6% in early trading. "These losses are relatively larger than those reported previously by other broker dealers and universal banks that have already reported," DBRS analysts said in a report Wednesday. "Merrill appears to have been much more exposed in its securitization businesses." Merrill holds the leading position in CDO securitization. The company reported a loss of $2.24 billion, or $2.82 a share, compared with a year-earlier profit of $3.05 billion, or $3.17 a share. Losses from continuing operations were $2.85 a share. "It turned out our assessment of the potential risk and mitigation strategies were inadequate," Merrill CEO Stan O'Neal said on a conference call with analysts. The New York securities firm said total revenue dropped to $577 million from $9.83 billion.

___________________
www.GenerationTrance.com

*Depeche Mode* Appreciation

quote:

Originally posted by djGT Merrill Posts Loss on $7.9B Write-Off

thats funny... our 401k switched from Merrill to American Funding...

interesting how shit works...

as someone mentioned before (too lazy to search):

recession > depression > WARRRR!!!

___________________
Jaded, old fart is me.

quote:

Originally posted by djGT Merrill Posts Loss on $7.9B Write-Off

yeah, Merrill Lynch got pwned the worst by subprime

quote:

Originally posted by 72hrpartyanimal thats funny... our 401k switched from Merrill to American Funding... interesting how shit works... as someone mentioned before (too lazy to search): recession > depression > WARRRR!!!

quote:

Originally posted by ninetyninej 2008 - recession 2009 - depression 2010 - declare war against iran 2011 - country rebounds due to war

___________________

quote:

Originally posted by ninetyninej yeah, Merrill Lynch got pwned the worst by subprime

Up next on the chopping block, Option-Arm, then Alt-A!!! oh yeah, even Prime will be tasting some blood!

quote:

Originally posted by djGT 2012 - Tiesto voted #1 on DJMag again! The legend lives on!

___________________
www.GenerationTrance.com

*Depeche Mode* Appreciation

http://news.yahoo.com/s/ap/20071107..._re/wall_street

Stocks plunge with dollar; Dow down 360

Super Model Giselle will no longer accept payments with US Dollars...

She must be paid in Euro's or something else...

WOW!!!

quote:

Originally posted by Miss G Super Model Giselle will no longer accept payments with US Dollars... She must be paid in Euro's or something else... WOW!!!

lol... checks in the mail

quote:

Originally posted by Miss G Super Model Giselle will no longer accept payments with US Dollars... She must be paid in Euro's or something else... WOW!!!

lol, heard about this too, but fuck i can't blame her


http://www.bloomberg.com/

Crumpled U.S. one dollar bills are arranged for a photograph in Paris, on
Oct. 28, 2007. Photographer: Alastair Miller/Bloomberg News




Oh, and look at the Dow's nearing a 10% correction from last month alone. Would be surprised if early next year's recession causes another 10% correction putting us into in the 1100s.

People are such sheep and this proves it for all the over-valued over-priced stocks they got coerced into buying. Good old fashioned manipulation for wealth exchange.



http://www.bloomberg.com/apps/news?...dLXE&refer=home

U.S. Stocks Fall, Led by Oil, Metal Producers; Exxon Drops

By Michael Patterson

Nov. 12 (Bloomberg) -- Energy and metals companies sent stocks lower for a fourth day, the longest stretch of declines in eight months, after commodity prices dropped on concern economic growth is slowing.

Exxon Mobil Corp., the biggest U.S. energy producer, fell to the lowest since August, while Freeport-McMoRan Copper & Gold Inc. posted its steepest decline since February. Apple Inc. lost the most in two years and Google Inc. posted the worst four-day slide in its history, extending the steepest weekly retreat in technology shares since 2002.

___________________

Last edited by ninetyninej on Nov-12-2007 at 22:49