Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (340077)	8/7/2007 8:32:16 PM
From: stan_hughes	Read Replies (2) \| Respond to of 436258

Sellers should be careful, "they" have a plan forming here -- instead of old school Fed intervention (how droll), they are going to dress up Fannie & Freddie with those Bill Gross designer hooker heels and some lipstick as a federal reincarnation of New Century Financial using relaxed rules to re-fi all those nasty bad loans out there. So the government is taking steps here to cover the mark with the taxpayer's money -- like as if this is a surprise. Voila, no more looming tsunami of ARMs resets and no more acute liquidity crisis -- in its place you get a longer, more costly and drawn out crisis instead, but that's tomorrow's problem, and deferring problems to a later date rather than solving them is still de rigeur in Washington and New York. Did I mention the part about killing the Clownbuck by all this new debt creation in order to re-mortgage housing values that have already disappeared? But WTF cares about the dollar when you have a nominal stock and real estate market to artificially support. One of many stories now breaking about this proposed stunt -- bloomberg.com