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: stomper who wrote (109177)	3/11/2008 8:57:26 PM
From: James Hutton	Read Replies (2) of 306849

This is just a high-falutin' "we'll give you $50 for any handgun you bring to us" program. And it will likely be as successful. At least in those programs, the governments can get some value out of the metal. Does anyone really think the government is not going to get stuck with this worthless paper, or will "lend" far more than it is worth? Remember, this is the entity that valued toilet seats at $600 twenty-five years ago. What's offensive is that the government knows AAA is essentially meaningless. What happens if the paper is downgraded within the 28-day lending period?

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