Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 685.33

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Jan 21 4:00 PM EST

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To: chartseer who wrote (23922)	8/21/2011 5:42:49 PM
From: Wayners	1 Recommendation Read Replies (1) of 222173

Looks to me like the banks and mortgage companies that push these bad deals pay some kind of insurance premium for the Feds kind of like FDIC to cover those instances when the value of the property declined a lot in value. But just like with FDIC, it appears that the Feds didn't and don't know what they are doing as far as setting the insurance premiums correctly like in private industry. FDIC is underfunded and so are a host of other Federal insurance such as the Pension Benefit Guarantee and who knows what else..flood insurance too. The taxpayer foots the bill for all these goodies. Ridiculous.

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