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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Bank Holding Company who wrote (166005)11/21/2008 10:53:28 AM
From: Lizzie TudorRead Replies (1) of 306849
 
Paulson only has the first tranche right now. I don't think congress will give him the second 350 billion because it is not having the desired effect. Dodd seems genuinely pissed.

At this point I think the one option that is available that is not completely horrible in terms of budget busting is for fannie and freddie to offer fed funds rates or something very low like 2% as a refi for fannie and freddie mortgage holders. THAT will stabilize the housing market at least, as opposed to TARP which does zero.
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