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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To: patron_anejo_por_favor who wrote (164381)	11/14/2008 4:35:01 PM
From: Perspective	Read Replies (5) of 306849

Hold on, there. I haven't seen anywhere that the HIG tactic has been approved, and further, it's a little early to conclude that they're actually going to receive the capital infusion of $3B that they're bandying about. biz.yahoo.com I could be completely wrong about this, but if Treasury offers them a bailout now, it will open the floodgates even wider. HIG pays $10M to gain access to what they hope is a $3B low interest loan? Everyone, and I mean everyone, would try the same tactic. Just because you buy an S&L doesn't mean you get the loan. And applying for the loan doesn't necessarily mean you receive it. Perhaps this is preapproved, or even suggested by, Paulson. But I would hope Treasury thinks twice before setting this precedent. Do you think the loan is already a done deal? `BC

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