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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Broken_Clock who wrote (166219)11/22/2008 1:25:20 PM
From: energyplayRead Replies (1) of 306849
 
Hi Clock - I think we can read Tim G's statement as asking for two things -

1) An exchange or clearing mechanism -
" ...the processing infrastructure"

2) better risk control - "continued investment in both risk management... "

This is just phrased in "Fed speak" - like "irrational exhuberance"

This last sentence -
"We have been through a period of relatively favorable financial conditions, and the prospect for future stability will depend in part on the degree of care and conservatism market participants bring today to judgments about opportunity and risk management."

I read this as -

"You've been lucky so far, (punk), because times were good, but you need to back down the risk."

Not quite Dirty Harry, of course.
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