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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (109053)3/11/2008 12:52:29 PM
From: Think4YourselfRead Replies (2) of 306849
 
I have just had an additional thought on this. The action means the financial institutions suddenly have a mark to market for their securities, and it is likely much higher than what was on their books yesterday. This will effectively minimize the write downs they will have to take and will likely result in much lower writedowns than the market currently expects.

Wonder how long it will take the markets to figure this out.
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