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Strategies & Market Trends : 50% Gains Investing

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To: xstuckey who wrote (65056)	9/23/2008 5:01:51 PM
From: Keith Feral	Read Replies (1) of 118717

I'm convinced the government could get this whole thing done for nothing. Tell SEC to enable the banks to mark to maturity and revise FASB 157 in such a way that the banks are allowed to hold their securities without extreme pressure. I'm also convinced a $700 billion fund is far more money than is needed. They could buy 7 million homes at $200K per home with a 50% discount. That would relieve the system of almost every bad mortgage coming due with a 50% haircut. That is an absurd number of homes for the government to be buying. I'm sure these numbers would restore more than enough liquidity to the banks. So, if the bailout plan goes through, it will definitely have a profound effect on the stabilization of the financials. I let the politicians figure out by the weekend.

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