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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (144590)1/30/2009 10:55:47 PM
From: koan  Read Replies (1) of 313060
 
All of the top guys who would know how to handicap this economic debacle e.g. Krugman, Stiglitz or Samuelson, all say they do not know how bad it could be.

But they all want bigger stimulous packages, so they must see something that scares them. I can see a lot of businesses are not making overhead.

Right or wrong I do think we will see a decisively large amount of money thrown at this depression in the next few weeks.

I did state budgets for years and sort of know how they do it when the task is overwheling. It is exactly like making sausage-lol. They do not have time to scrutinize money going out so they will find formulas which allow for pre packaged scrutiny like "shovel ready" and no documents refinancing of loans.

If it is shovel ready, they will give them the money figuring the states have already done the DD.

Right now FHA is doing streamlined refinancing with no documentation and you can roll first and second loans into one.
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