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


To: Tommaso who wrote (79002)6/6/2007 2:08:41 PM
From: John VosillaRespond to of 306849
 
'The Fed traditionally does step in to save entities like JPMorgan Chase'

Bingo.. If anything like the conditions of 1990-91 happens to them that is when you see a rescue.

For sure Bernake could care less about having a high priority to save speculators, homebuilders and overleveraged homeowners at the expense of the big picture. No different from Ken Lay, Bernie Ebbers or Pets.com



To: Tommaso who wrote (79002)6/6/2007 2:09:14 PM
From: Broken_ClockRespond to of 306849
 
Gee, the S&L crisis was big bummer, right? Taxpayers took it on the chin as well as a more southerly oriented body orifice while connected sharks picked up choice commercial real estate for 10¢ on the buck. You know how Wall St. hates that.

Now private investment groups are going to end up owning SFR as rentals to house the bankrupt masses. 17th century London here we come!

I see no downside in the present situation for the truly elite wealthy at all.