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

To: Rarebird who wrote (89674)	9/18/2007 12:30:02 PM
From: Elroy Jetson	Respond to of 306849

You aren't alone in thinking the Fed will not be able to provide solvency to the mortgage secondary market. More importantly, they should not. The secondary market was extending uneconomic loans to the housing market. This sort of irrational activity should not be encouraged or bailed out. The market participants will find their own way and are entitled to make mistakes in judgment. .

To: Rarebird who wrote (89674)	9/18/2007 12:35:25 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

The economy has/had been referred to a Goldilocks economy. But Alice in Wonderland, or even better, Cinderella, might be more fitting. The carriage turns into a pumpkin at midnight. A full pctg pt drop wont make a 500k home any more affordable. It won't save more than a handful of homes. SO why bother. The harm far outweighs the good. BB can't play dumb like Greenie.