Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

$2.7 TRILLION in ARM REstate Loans Ramped by end2007

BARRONS: $1 trillion in ARM loans will adjust and next year $1.7 trillion with the average payment rising 20 -60%. Hmmn, can Bernanke afford to let this continue? Or maybe this is a stealth way of letting foreign creditors acquire physical property in the US for dollars while blaming those "credit crazy US consumers". Banks which have held up so far have the highest exposure to real estate on their books (43% of bank assets) since WWII.