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: MulhollandDrive who wrote (164415)	11/14/2008 5:16:01 PM
From: patron_anejo_por_favor	Read Replies (1) of 306849

GS is probably just trying to make up their own losses by shorting them.....<NG> They do have exposure through annuities, but that's not gonna drive them under in the near term the way CDS's do. That's a "borrow short, lend long strategy" and the "borrow short" was kicked out from under them due to the CP market going away. Anyway, the cash drain from this is relatively small. CRE is a bit of a different animal, and I don't have any sympathy for them there but in and of itself it wasn't gonna render them insolvent. We'll see, but politcs are going to influence what happens in this sector just as it did in the others. EDIT: And rules that make insurance companies do weird things like buy thrifts are just stupid: biz.yahoo.com Insurers that own thrifts, which are federally regulated, are eligible to apply for a piece of the $250 billion the government is spending to buy shares in banks and other financial companies.

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