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 (148050)	9/19/2008 12:50:15 PM
From: XoFruitCake	Read Replies (2) of 306849

"As for Joe taxpayer? No real sorrow for him. He's a complete and total idiot who will let the government stick him with the bill for what the financial system did. It looks like we are about to become a two class society" I am a tax payer and I am not as pessimistic.. I think US tax payer worked out great in the last RTC bailout.. There is a major difference between marked to market in an illiquid market and vulture is your only buyer vs you let the portfolio run off and see what you get at the end... Fed is borrowing money at 2.00% right now so their huddle is not exact high to make a profit from all the mess that they need to handle. The key I think is the mechanic of how to determine the price they are paying for some of the loans so that they would overpay for the asset. I won't be surprised that they are setting up some kind of exchange like situation with them being a major buyer of asset.. The will allow for vulture funds to participate and get price discovery really fast..

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