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: patron_anejo_por_favor who wrote (147405)	9/17/2008 3:12:33 PM
From: Perspective	Read Replies (1) of 306849

Market has limited bandwidth to deal with the fallout of all this. One subsector at a time. This week the flavor is investment banking. Maybe next week CRE. Then some other week they'll figure out retail. And the regional banks may get a pass until the FDIC quits screwing around and gets down to business. I forget - is this a consumer-driven recession, or a finance-driven recession? The banks lent too much money against a real estate bubble, and Wall Street drank their own Koolaid, so it's financial - but now the consumer can't repay the loans, so - ah, nevermind... `BC

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