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

To: ChanceIs who wrote (91927)	10/12/2007 9:19:26 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

The crisis that was supposedly extinguished has been quietly smoldering under the newly laid vinyl floor and behind that cheesy paneling. How long can they continue to fan the smoke away? ... Poof!

To: ChanceIs who wrote (91927)	10/12/2007 9:49:26 PM
From: ChanceIs	Respond to of 306849

>>>big write-offs by banks, brokerages and hedge funds that own similar investments and would have to mark them down to the new, lower market prices<<< On that note, some humor:

To: ChanceIs who wrote (91927)	10/12/2007 10:27:53 PM
From: 10K a day	Respond to of 306849

> superconduit << i think they should call it super-ponzi

To: ChanceIs who wrote (91927)	10/12/2007 11:04:37 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 306849

Citi Bailout: Master-Liquidity Enhancement Conduit, or M-LEC. That name is great! So this will probably be announced Monday AM before the market opens. Just in time too, since Citi and others need to sell Billions in TXU LBO bonds on Monday. Let me see. The ABX indices crashing, a major LBO is stuck (pier loans going on the bank balance sheets) and the markets fall close to 10% ... that was July / August. Now the ABX indices are crashing. calculatedrisk.blogspot.com Debt for the largest LBO is coming to market. And Citi is being bailed out. Sounds like a market rally to me!

To: ChanceIs who wrote (91927)	10/13/2007 6:16:55 AM
From: saveslivesbyday	Respond to of 306849

Markets wobbling - 2 things keeping it upright now 1. The belief that "the American consumer" will inexhaustibly continue to borrow and spend at a faster and faster rate, despite the progressive nationwide fall in home prices and rising costs of goods and services. 2. This type of stall tactic to prevent the forced unloading of billions of dollars in mortgage-backed securities and other assets, thereby "driving down their prices in a fire sale." - including off balance sheet SIV's. The other scheme is "loaning" the MBS's to hedge funds with the option of buying them back, hoping credit conditions will improve by then. There's apparently too much at stake here in "just letting the economic cycle naturally play out" - none of the big financial institutions wants to be left holding the bag. IMO the next leg down will come when it is acknowledged that one of the two won't be able to continue. By then, the fed will be cutting rates madly.

To: ChanceIs who wrote (91927)	10/13/2007 6:29:33 AM
From: saveslivesbyday	Respond to of 306849

The financial institutions are a perfect reflection of current American society's values: I want more. I want it now. I'll borrow anything to have it. I don't care about risk. Oops, borrowed too much - it's not my responsibility, please help me. From flipper to homeowner-who-couldn't-qualify-but-was-given-a-loan-anyway to mortgage broker to bank to brokerage to the hedge funds and banks who bought the debt, IMO it's all the same display of greed that apparently exemplifies one aspect of human behavior at it's worst. Among the other aspects demonstrated here is of course lack of taking responsibility for one's own actions. On a deeper level, for those on the board with some familiarity with eastern religion, "I want more" is already an issue. But hey - this is America, and I'm guilty about wanting more myself, so I'm not making a judgment about that issue.

To: ChanceIs who wrote (91927)	10/13/2007 8:04:26 AM
From: Mike Johnston	Read Replies (4) \| Respond to of 306849

If the banks agree, the plan could be announced as early as Monday, people familiar with the matter said. Citigroup announces third-quarter earnings Monday. The tentative name for the fund is Master-Liquidity Enhancement Conduit, or M-LEC It is time for everybody to wake up and protect themselves and their loved ones from being defrauded and pushed into poverty by a GRAND MONEY PRINTING AND BAILOUT FRAUD and join Master Personal Life Savings Protection Plan or M-PLSP: 1. Withdraw all the money from bank savings accounts and time deposits. 2. Liquidate all bonds, bills and bond mutual funds. 3. Liquiditate all annuities and cash value insurance policies. 4. Liquidate all money market funds. 5. Liquidate any and all fixed income and cash assets if they are denominated in US dollars. 6. Put 50% of the proceeds into GOLD BULLION and 50% into a few international good quality dividend paying stocks, companies that will hold their own in a possible hyperinflation ( companies that will be able to continually raise prices ) and will come out ok on the other side, making sure to take possesion of the stock certificates. J6p should wake up, all cash left in the banking system or in bonds will be lost, not due to default but due to accelerating process of loss of purchasing power ( high inflation leading to hyperinflation )