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

To: Elroy Jetson who wrote (30624)	5/3/2005 9:00:53 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

With all the ARM's and Interest Only loans out there, against inflated property values, we just might get to see the US banking system fail in 4 or 5 years. Fannie Mae and Freddie Mac scare me. How many of the loans that these governmental institutions are holding will end up being worthless in a few years? I like Greenspan's idea of trimming their portfolios, and the sooner the better!!! Remove some of the explosives before the bomb goes off. We taxpayers shouldn't need to be bailing out these institutions.

To: Elroy Jetson who wrote (30624)	5/3/2005 10:42:24 PM
From: Moominoid	Read Replies (1) \| Respond to of 306849

A more pragmatic view of forced savings suggests that it is less expensive for the public to use government to force everyone to save for retirement than it would be to provide welfare for that portion of the population which did not save. Exactly People also forget that Social Security was created to provide for the retired who had lost all of their savings in the collapse of the stock and bond markets and the failure of the banks. People designing a retirement system who forget this history will learn again through repetition. . The Aus system is very vulnerable to such a collapse.