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: neolib who wrote (229719)	11/20/2009 10:33:06 PM
From: Skeeter Bug	Read Replies (1) of 306849

>>An awful lot of them went down with their ships. What about them?<< they were competitors to the goldman's and the jp morgans. everyone is not in the sweet spot. most banks are getting pummeled. do you think it is an accident that dodd's "reform" allows 50-1 leverage? he's just too dumb to know that lehman failed at 30-1. 50-1 must be better, right? dodd is bought and paid for and goldman/jp morgan wrote that in and sent their salesman out to tout meangingless crap and hope nobody sees the 50-1 leverage. so, when these banks collapse under 50-1 leverage and we bail them out again, it will just be an "accident," right?

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