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: Elroy Jetson who wrote (164594)	11/15/2008 1:48:20 PM
From: XoFruitCake	Read Replies (1) of 306849

"And you're suffering under the delusion that some mysterious unnamed regulator made them do this." the problem of regulator is that they allow banks to own this crap. Market do what market always do and individual firms can create, buy or sell this crappy security if they wants. But banks depositor being back drop by the government through FDIC, regulator should do their job in protecting FDIC and taxpayer and not allowing any banks to own this type of nonsense mortgage or security.. If banks are not allow to own it, the end market for these stupid security will be limited to hedge fund, IB, and investor. With less toxic mortgage available, the run up in housing price from 05 to 07 will be less and the current bailout effort will be a lot easier... Rating agency, regulator, greedy financial company CEO/mortgage salesperson/home buyer all has a hand on this gravy train when it ran well..

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