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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (6334)	10/28/2002 1:24:46 PM
From: The Duke of URL©	Respond to of 306849

He who knows not, and knows not, he knows not......if ya catch ma drift..... In the middle 80's the s and l's were allowed to get into the realestate business. They did this by funding builders as fronts. (much like the special purpose entities that Citicorp used for lending to Enron) This would be fine with me but it was done with federally insured money. When the congress started to get blamed, they put all the builders out of business and put the s and l's which didn't voluntarily fold, in jail, and increased taxes to cover the loss. Now since 1999, we have the Bank Modernization bill, (the Gramm, Leach,Bliley Act) which allows banks to do the same thing with your money. Those that don't study history are condemned to repeat it.... "All things will be revealed in the fullness of time..." if ya follow ma meanin'