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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: koan who wrote (265460)7/31/2010 8:57:48 PM
From: ggershRead Replies (1) of 306849
 
"Wall street had built a house of cards. When the RE market started to implode the house caved in. Same thing as 1929. That is why Paulson begged Pelsoi for 182 billion for AIG no questions asked and another 700 billion of the peoples money to bail out the banks."

And that in monetary terms is just the tip of the iceberg!
It's not that banks aren't lending out money either, it's
cause they still don't know the amount of CDS they have,
and the liabilities they have from them.
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