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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (149245)9/23/2008 10:19:42 AM
From: neolibRead Replies (1) of 306849
 

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.

Not if the average J6P became of the impression he should withdraw his meager savings and go cash only stuffed in his mattress. The scary thing last week was the MM/CDs having problems. That could snowball real quick.

Regarding seeing, hearing, and believing, indeed that is an issue. However, Paulson et al, NAR, and various others didn't want to see, hear, or believe various things that others were pointing out might become reality. They've played rearguard for most of this.
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