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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (67897)	8/21/2007 3:35:33 PM
From: 10K a day	Respond to of 116555

LOL. Yah. It's the federal emergency foreclosure assistance. -- FECAL Gubermint Hecka Job!!

To: Elroy Jetson who wrote (67897)	8/22/2007 1:45:06 PM
From: Incitatus	Respond to of 116555

And current events are not so much a crisis, as they are simply a return to normal. I was listening to Crapvision last week. One of the hosts said that the Fed must intervene, the whole system is broken and consumed with baseless fear. His case in point: the market was pricing govt-backed Fannies as being nearly as risky as regular mortgages. But that's not new, is it? The market has been offering little to no premium for risky assets versus non-risky. If that's insanity, than the Fed should have intervened long ago.