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: Think4Yourself who wrote (120185)	5/2/2008 11:19:33 AM
From: jmiller099	Read Replies (2) of 306849

This is quite amazing to me... Now these guys will have a spread of borrowing at 2%. Probably with a wink and a nod that the borrower doesn't have to pay it back if they find themselves 'in a jam'. At any rate, they have a spread of that 2% and the 12-21% CC rate plus finance charges. Well ok, this is definitely good for the car people and credit card institutions. COF is one that does both a lot, so I am now expecting full loss on my May Puts which wipe out all my Mar and Apr gains. However, how much can they really absorb? Does the Fed have infinite money or do they print their way towards honouring all their duty and obligation to the financial sector?

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