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

To: damainman who wrote (99603)1/10/2008 2:46:56 PM
From: BWACRespond to of 306849
 
<Perhaps they were strong-armed by the PPT...>

Thats the only possible rationalization.

With promises of rate cuts, and friendly reviews on the next mega bank merger.



To: damainman who wrote (99603)1/10/2008 3:00:49 PM
From: John VosillaRespond to of 306849
 
It still doesn't mean the equity has much value. They are buying the franchise, the servicing fees and the assets, the preferred has to be paid in full before the common gets a dime..

For now lots of excitement.. I made a nice profit on ETFC and IMB today..holding on to BKUNA which is dirt cheap bank. Market could crucify many late to the party shorts for days to come..notice no shares to short on almost any beaten up financials


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