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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: saveslivesbyday who wrote (149340)9/23/2008 12:40:41 PM
From: Peter VRead Replies (1) of 306849
 
"If the banks have to mark down the price of assets, it defeats the whole purpose - i.e., bailing out WS <ng>"

I've made that point in conversation, that the bailout won't really improve the financial status of the banks, many of whom are insolvent when assets are marked to market.

Yet we want to throw a trillion dollars at the problem. And if we buy stuff marked to fantasy, it could be many multiples of trillions.
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