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

To: Jim Fleming who wrote (61412)5/18/2006 4:14:16 PM
From: regli  Respond to of 110194
 
"f the stuff really hits the fan you will find that moral obligations and implicit guarantees are fictional dreams."

I agree. However, if such a scenario comes about then a 30% devaluation in the dollar is wishful thinking. In fact, in such a situation the financial system as we know is not likely to survive.



To: Jim Fleming who wrote (61412)5/18/2006 11:35:29 PM
From: LLCF  Read Replies (1) | Respond to of 110194
 
When things get tough I would assume the govt would take over FNM and the like as a means to monetize stuff...they could re-write loans to keep people in their homes if the crap really hits the fan... of course their stocks would be worthless at that point. BUT they may actually make good on the debt I suppose.

DAK


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