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: ChanceIs who wrote (189283)	3/8/2009 12:06:13 PM
From: LLCF	Read Replies (2) of 306849

<<According to Timothy Geithner, “AIG is a huge, complex, global insurance company attached to a very complicated investment bank, hedge fund that was allowed to build up without any adult supervision.”>> My respect for Geithner just soared... at least he 'gets' that part. <The way out of this situation, therefore, is not further support for the unstable and opaque counterparty relationships that are causing the “systemic importance” but revealing those relationships and unwinding the exposures. It is a large task, but one that is not optional.> Could be, but that would mean closing down financial markets for 6 months AT LEAST (essentially) and figuring it all out. Politically, you think anyone would stand for that? Still, one has to wonder if at some point they just don't pull the plug and collapse the whole thing and LET the DOW open @ 3000 or whereever?? DAK

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