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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.02+3.3%Jan 26 3:59 PM EST
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To: KeepItSimple who wrote (75374)3/13/2008 1:10:34 PM
From: JakeStraw  Read Replies (1) of 77400
 
>>FHA just announced they want to buy 300 billion dollars worth of distressed mortgages

I believe that's $300 billion in new guarantees. Additionally I also believe that the lenders'/mortgage holder's would have to accept a large write-down of principal
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