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: tejek who wrote (285168)	10/20/2010 5:07:20 PM
From: patron_anejo_por_favor	Read Replies (1) of 306849

Oh they needed it. Many will still need it, they aren't lending because they are zombies due to the impaired assets (CDO's mostly and some CRE) still on the books. TARP was supposed to buy this stuff off their books and miraculously rehab it. Needless to say that never happened. The only reason they're still standing at all is because mark-to-market was suspended. Otherwise most of the big 5 money center banks (if not all) would be insolvent. They'll be rehabbed for the next 10 years on the taxpayors dime (either directly or through the gift of interest free lending from the Fed).

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