The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: 10K a day who wrote (85990)	8/18/2007 12:35:26 AM
From: CalculatedRisk	Read Replies (1) of 306849

Remember all these big banks have a bunch of pier loans on their balance sheet (bridge loans that went nowhere). I guess they can give their $10 billion in Chrysler debt to the Fed. Not a bad deal in the short term - pay the Fed 5.75%, meanwhile earn 8% or 9% or whatever from Chrysler - until they can syndicate the debt.

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