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: Moominoid who wrote (87963)	9/3/2007 12:29:51 PM
From: 10K a day	Read Replies (2) of 306849

the debt was wrapped and sold to investors, china et al. J6P is left w/ rubble (and bad credit) . Wallstreet got their money when they sold the debt. Who really owns that house? Does BearStearns Own that house. I don't think so. Does WellsFargo own that house? I don't think so. Does CountryWide own that house. I don't think so either. Does some shell corp own it? Maybe. Does ChaseMorgan or PRU own that house? Who knows? That money was created out of nothing. It may get collected at 30 cents on the dollar? You can't sell that asset. What the heck is going on here. The Fed is going to solve all your problems by lowering interest rates? Yah right.

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