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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: saveslivesbyday who wrote (149337)9/23/2008 1:53:43 PM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
>>UFB - Bernanke wants the US govt to pay full price for MBS assets<<

See, that's why this plan in anything resembling the current form is unsalvageable.

Hank/Bernank/Banks won't accept a fair value for the crap their trying to shove down our collective gullets. If they did, their wouldn't BE a "crisis". The banks are insolvent. Lend them more and they'll still be insolvent. Only with more cash to lose and a bigger final bill before they cease operations.

The taxpayers should not pay more than fair value.

And lastly, none of us should trust Paulson to be the sole arbiter of what IS fair value.

No deal. No how. Let the banks play it as it lies.
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