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

To: Smiling Bob who wrote (100797)1/18/2008 6:27:04 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
Cramer is actually making some sense? He said that unless the mortgage insurers are taken over by the government and guarantee 50 cents on the dollar, all the rate cuts won't help and the DOW will fall another 2000 points.

Says the mortgage insurers are insuring about $500 billion in mortgages. Says about half are gonna default anyway.
Doesn't sound like he likes ABK and MBI. Says Buffets in with the government to help.



To: Smiling Bob who wrote (100797)1/19/2008 10:43:05 AM
From: Mike JohnstonRead Replies (4) | Respond to of 306849
 
......embraced as much as $150 billion in tax relief on Friday to jump start the lackluster economy.

Let's teach those idiots a lesson.
Everybody should send the message by using the tax rebate, as soon as they get it, towards the purchase of 1 ounce gold coin.
Spread the word.


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