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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (24129)10/15/2007 10:35:59 AM
From: saveslivesbyday  Read Replies (1) | Respond to of 217840
 
I'll set up a group of investors to "buy" my house for $1 million, even though it's worth 500K. 'Cause then I can borrow off the extra 500K I report in equity, right?

I'll still own it, and I'll "buy it back" in awhile when it's worth $1 million again - I mean, that couldn't take too long could it?



To: elmatador who wrote (24129)10/15/2007 2:39:28 PM
From: energyplay  Read Replies (1) | Respond to of 217840
 
Hi elmat - None of the 75 or 100 Billion will buy sub-prime loans - just prime stuff that is now hard to sell (illiquid) but mostly still good paper.

Somehow the bad stuff must be paid for by taxpayers, not banks.


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