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User Info Article:The Financial Fire Trucks Are Gathering; entered at 2007-12-01 10:47:35
Bishie
Posts: 448
Registered: 2007-11-01 Washington, DC
Negative. If values fall by 15-20% HELOCs which are what E-Trade was holding are worth 75-100% less since they are typically behind a first mortgage.
2007-12-01 10:47:35