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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST
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To: foundation who wrote (11765)11/21/2006 10:29:12 AM
From: TobagoJack  Read Replies (3) of 219938
 
<<"I remember chuckling at the closing that this was the first time I've seen a buyer walk out with more cash than the seller.">>

So, this is how THEY can reflate the asset-based economy :0)

Next up, banks can simply keep selling repossessed homes to each other, at high enough price to cover their own respective losses, so as to have a 'healthy' balance sheet, then off-load same again on home-buyers rewarded with rate/term-enhanced mortgage contracts, and lend them more money to pay interest and service the loan, before offloading the loan papers to the market.

We will never have real estate debt engendered finacial crisis.
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