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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Perspective who wrote (112206)3/23/2008 6:57:17 PM
From: patron_anejo_por_favorRead Replies (2) of 306849
 
>>Why is the Fed in the business of picking winners and losers? I don't like this at all...<<

The same specs were prolly known (by the Fed) to be long commodities and short financials in general. Thus by putting them outta business they win the trifecta: Bail out BSC and all the other brokers, drive up stock prices and kill commodities (due to margin calls), therefore giving the momentary impression of inflation 'containment' (when the opposite is true). Winners are there friends in financial services, losers are J6P and the commodity speculators. QED....
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