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

To: John Vosilla who wrote (78996)	6/6/2007 2:02:01 PM
From: Tommaso	Read Replies (2) \| Respond to of 306849

What I am thinking is that if Bernanke and other Fed officials are saying that a housing crash will not destroy the economy, that means they are saying they plan to take little or no action to intervene. It's taken longer than I thought it would, but it looks like foreclosures are really accelerating. Then come bankruptcies, both of individuals and their creditors. The Fed traditionally does step in to save entities like JPMorgan Chase, although when the Continental Illinois Bank went bust over foolish oilpatch loans, it was not rescued.