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


To: Think4Yourself who wrote (85879)8/17/2007 12:16:35 PM
From: MulhollandDriveRespond to of 306849
 
steve lieseman is saying right now that fed acted because the *good* credit needs were not being met....i would like him to define "good".....

it was the phony AAA ratings that helped buyers of crap commercial paper get into this position in the first place

bottom line is the repricing of RISK was getting out of hand (as far as the fed is concerned) with banks unwilling to lend to each other and the credit market was seizing up