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Technology Stocks : Semi Equipment Analysis

SOXX 361.13

+0.2%

Jan 29 4:00 PM EST

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To: BWAC who wrote (38010)	2/7/2008 10:28:03 AM
From: michael97123	Read Replies (2) of 95806

This type of article has been written in every crisis. My point in posting it after chambers comments is that something seems to have gone wrong in january that is surprising bernanke, chambers, walmart etc. Even normal reporters are saying that home prices may decline nationally by 30% before htis is all over. 30% decline and lack of demand puts much more than subprime under water and that can have a cascading effect. So for me, socialist that i am, I think the government has to take action far more targeted than giving Don Wennestrom $1200. I am not smart enough to know what that is. Hell i am so confused. But it seems to me one of the things thats going to be needed is to somehow reset all mortgages at todays lower rates regardless of current credit worthiness of the borrowers so that the banks dont start getting keys in the mail from folks who have regular mortgages. To do this, banks take a bit of a hit but since they refid everyone before thats all they would be doing now and it also involves some sort of govt guarantee.

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