The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: bart13 who wrote (85070)	8/15/2007 9:25:03 AM
From: Pogeu Mahone	Read Replies (2) of 110194

In Italian cities Florence, and Genoa, Venice,etc real estate prices were up 400 to 700%! Now they went over the cliff.. Now what? Do you really believe if you overpay by 50%, you are not in trouble? Slightly more sane banking/mortage setup? You are kidding yourself. ====================== wasn't talking about the housing bubble though, but rather about a slightly more sane banking/mortgage setup without all the packaging and tranches etc. etc.

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