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November 30, 2007 at 1:04 PM in reply to: Someone please explain this rate lock thing to me!!! #105643
bsrsharma
ParticipantSeems simple to me. Countrywide (and others) is telling the security holder that you get paid some or none, what do you prefer. Since this plan was hatched with treasury and probably FED’s blessings to prevent a likely systemic meltdown, what options does the security owner have? At this point, most MBS/CMO/CDO holders will be glad to see any pennies on $. Just recently, ETrade sold a pile for 27 cents on $; that settles the precedent on what such papers are worth. It is all downhill from 27% now.
November 30, 2007 at 1:04 PM in reply to: Someone please explain this rate lock thing to me!!! #105734bsrsharma
ParticipantSeems simple to me. Countrywide (and others) is telling the security holder that you get paid some or none, what do you prefer. Since this plan was hatched with treasury and probably FED’s blessings to prevent a likely systemic meltdown, what options does the security owner have? At this point, most MBS/CMO/CDO holders will be glad to see any pennies on $. Just recently, ETrade sold a pile for 27 cents on $; that settles the precedent on what such papers are worth. It is all downhill from 27% now.
November 30, 2007 at 1:04 PM in reply to: Someone please explain this rate lock thing to me!!! #105769bsrsharma
ParticipantSeems simple to me. Countrywide (and others) is telling the security holder that you get paid some or none, what do you prefer. Since this plan was hatched with treasury and probably FED’s blessings to prevent a likely systemic meltdown, what options does the security owner have? At this point, most MBS/CMO/CDO holders will be glad to see any pennies on $. Just recently, ETrade sold a pile for 27 cents on $; that settles the precedent on what such papers are worth. It is all downhill from 27% now.
November 30, 2007 at 1:04 PM in reply to: Someone please explain this rate lock thing to me!!! #105777bsrsharma
ParticipantSeems simple to me. Countrywide (and others) is telling the security holder that you get paid some or none, what do you prefer. Since this plan was hatched with treasury and probably FED’s blessings to prevent a likely systemic meltdown, what options does the security owner have? At this point, most MBS/CMO/CDO holders will be glad to see any pennies on $. Just recently, ETrade sold a pile for 27 cents on $; that settles the precedent on what such papers are worth. It is all downhill from 27% now.
November 30, 2007 at 1:04 PM in reply to: Someone please explain this rate lock thing to me!!! #105795bsrsharma
ParticipantSeems simple to me. Countrywide (and others) is telling the security holder that you get paid some or none, what do you prefer. Since this plan was hatched with treasury and probably FED’s blessings to prevent a likely systemic meltdown, what options does the security owner have? At this point, most MBS/CMO/CDO holders will be glad to see any pennies on $. Just recently, ETrade sold a pile for 27 cents on $; that settles the precedent on what such papers are worth. It is all downhill from 27% now.
bsrsharma
Participant"bought" a 17-year-old Cuban wife (he's 44). He actually told me how he had to pay off Cuban officials to get her out of the country.
Couldn't you have tipped off FBI about this Kidnapping? Also, there may be criminal laws aginst relationship with a minor (statutory rape or something). Men are prosecuted for such crimes against children all the time. Even the marriage may be void if she entered into it as a minor.
bsrsharma
Participant"bought" a 17-year-old Cuban wife (he's 44). He actually told me how he had to pay off Cuban officials to get her out of the country.
Couldn't you have tipped off FBI about this Kidnapping? Also, there may be criminal laws aginst relationship with a minor (statutory rape or something). Men are prosecuted for such crimes against children all the time. Even the marriage may be void if she entered into it as a minor.
bsrsharma
Participant"bought" a 17-year-old Cuban wife (he's 44). He actually told me how he had to pay off Cuban officials to get her out of the country.
Couldn't you have tipped off FBI about this Kidnapping? Also, there may be criminal laws aginst relationship with a minor (statutory rape or something). Men are prosecuted for such crimes against children all the time. Even the marriage may be void if she entered into it as a minor.
bsrsharma
Participant"bought" a 17-year-old Cuban wife (he's 44). He actually told me how he had to pay off Cuban officials to get her out of the country.
Couldn't you have tipped off FBI about this Kidnapping? Also, there may be criminal laws aginst relationship with a minor (statutory rape or something). Men are prosecuted for such crimes against children all the time. Even the marriage may be void if she entered into it as a minor.
bsrsharma
Participant"bought" a 17-year-old Cuban wife (he's 44). He actually told me how he had to pay off Cuban officials to get her out of the country.
Couldn't you have tipped off FBI about this Kidnapping? Also, there may be criminal laws aginst relationship with a minor (statutory rape or something). Men are prosecuted for such crimes against children all the time. Even the marriage may be void if she entered into it as a minor.
bsrsharma
ParticipantSlightly besides the point; With $155K annual income, what are the assets/savings to fall back on in what is most certainly going to be a nasty recession in California & Arizona? A lawyer can’t squeeze juice out of sand.
bsrsharma
ParticipantSlightly besides the point; With $155K annual income, what are the assets/savings to fall back on in what is most certainly going to be a nasty recession in California & Arizona? A lawyer can’t squeeze juice out of sand.
bsrsharma
ParticipantSlightly besides the point; With $155K annual income, what are the assets/savings to fall back on in what is most certainly going to be a nasty recession in California & Arizona? A lawyer can’t squeeze juice out of sand.
bsrsharma
ParticipantSlightly besides the point; With $155K annual income, what are the assets/savings to fall back on in what is most certainly going to be a nasty recession in California & Arizona? A lawyer can’t squeeze juice out of sand.
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