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: XoFruitCake who wrote (109290)	3/12/2008 11:40:14 AM
From: neolib	Read Replies (2) of 306849

Even if you think the MBS is worthless, if Fed let them keep the loan of the next 4-5 years, banks will be able to use the 200B with low interest rate and make back enough money to pay for their loss. I think the Fed should give me a low interest loan instead. Why give it to those dufuses? I'd like to make some money off of it as well. I won't pay myself $10-50M/year like those bank CEO's do either, so I must be more deserving. I didn't note the Fed having any problems when the slicers and dicers were raking in all the fees associated with causing this mess. I do note with much amusement that some who nearly choke at the word socialism when it comes to profits, now think socialism is God's gift to America when it comes to losses. Also, since markets are supposed to be all wise, and the government only screws things up, why are we embracing the government to correct a market problem. LOL!

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