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: neolib who wrote (149242)	9/22/2008 11:24:58 PM
From: patron_anejo_por_favor	Read Replies (2) of 306849

>>But it looks to me like every Bank would have failed instead. You need to remember that a very substantial fraction of American "wealth" is simply systemic trust in various pieces of paper, ranging from green bills to business contracts. They can all be "marked to market" pretty quickly, in which case America is much poorer.<< I disagree. Completely. GS and MS would be gone. The CP market would need to reset. WFC, NTT, NTRS, STT and most of the regionals would have been fine, even in a worst case scenario. Do you like Marvin Gaye? He had a great line that applies here: "Believe half of what you see. Some or none of what you hear."

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