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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Perspective who wrote (114816)4/4/2008 1:21:18 PM
From: Smiling BobRead Replies (1) of 306849
 
And missed that key bit about GS LEH MS MER borrowing from the discount window at 0%. Funny how giving the criminals access to leverage again even for a few weeks gooses the market.
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Until then, they were getting hit with margin calls. The Fed eliminated that problem.
I heard another clown today or yesterday praising the Fed for their great work. His reason? "Look how the great the markets have done in response."
It's another case of not fighting the Fed.
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