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


To: Micawber who wrote (96446)12/6/2007 2:00:50 PM
From: Mike JohnstonRespond to of 306849
 
I think this might go all the way to the end, meaning, the government dips its toe in the water at first. Obviously this intervention will not work, it will make the situation worse, at best will postpone the day of reckoning.
Once they find out that the intervention is not enough and is not bringing expected results, they think they have to go in with bigger ammunition, which in turn is still not able to solve the problem and they have to intervene on an even grander scale and so on and so on.

It might not end until they nationalize Fannie Mae and use it to pump cash into households.

It is better to get out of the banking system while you still can.



To: Micawber who wrote (96446)12/6/2007 2:16:56 PM
From: damainmanRespond to of 306849
 
I really liked the way Bush specifically spelled out "hope" for us...



To: Micawber who wrote (96446)12/6/2007 3:54:32 PM
From: patron_anejo_por_favorRespond to of 306849
 
Why don't they just give every man, woman and child in the US a quarter mil and call it even? Prosperity is just around the corner!