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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: shades who wrote (38358)8/19/2005 6:08:32 PM
From: David JonesRead Replies (2) of 306849
 
>>>>>I am convinced if shiller had his house derivative market, and a big crash was coming, the rich would find some way to socialize the loss no matter what safeguards shiller thought he could build in<<<<<

You could very well be correct. It's just another tool to extract money by some middle man. We have PMI already now we need a derivatives market to protect the value of the asset too? What was it Buffet said about derivatives? I'm fairly certain he said he wasn't found of them.
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