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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From: saveslivesbyday	9/23/2008 8:49:10 PM
	Read Replies (4) of 306849

The Paulson bailout plan seems to boil down to the following concept: Let holders of toxic debt sell the crap to the US Government at unrealistically high prices. The US thereby helps spread all the bad debt in the world to the US taxpayer, and hopefully we avoid a market collapse. The problem with the "close to maturity" pricing that BB and HP want is that - if this were a reasonable fair price, why can't the banks and other institutions sell the junk? The logical answer is that - the junk isn't worth "close to maturity" price, or anything close to it. The "market to market" rules are there for a reason.

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