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: Think4Yourself who wrote (109151)	3/11/2008 7:38:04 PM
From: patron_anejo_por_favor	Read Replies (2) of 306849

>>The securities in question are still AAA after all the downgrades so they are probably at least somewhat good.<< ROTFL, 'AAA' as brought to you by the fine folks who gave MBI and ABK that exact grade! It also remains to be seen how much this unlocks anything. We'll see who wants to toss loans out for, say, commercial construction here. The point is, a change in the system (of rampant securitization of lending) is needed, and this simply prevents that day of reckoning. Oh the stocks will move (for awhile) just like the last "creative fix" in August. Then more down and fewer bullets to manage it with. Remember, the 9 most scariest words in the English language are "I'm from the government, and I'm here to help!"

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