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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (30262)	4/8/2005 2:17:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 110194

I agree 100% The powers that be will go to great lengths to prevent mass mortgage defaults, but there is a limit. And that line in the sand is the point at which the buck's role as the major reserve currency is seriously threatened.

To: NOW who wrote (30262)	4/8/2005 8:54:16 PM
From: LLCF	Read Replies (1) \| Respond to of 110194

<this is just naieve at best. To imagine that the outcome depends on political will to bail folks out is just silly> Well, it DOES depend on politics... but I don't even think the politicians need get involved much since all the mainstream government economists, Dems & Reps, agree that the answer to any downturn is to print money. It's not going to matter if the "politicians" bail out homeowners, or some government organization or panel does by blowing money through FNM & FRE and whoever else they need to rather than take back homes em mass. The government will end up owning mortgages and NOT repo-ing the homes... one way or another. DAK