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

To: Les H who wrote (105030)2/14/2008 1:10:44 PM
From: Think4YourselfRespond to of 306849
 
The unspoken message is that the bank bailout is dead. Not a big surprise to anyone who knows what is going on.



To: Les H who wrote (105030)2/14/2008 1:18:11 PM
From: bentwayRead Replies (1) | Respond to of 306849
 
"Bond insurers have 4-5 days to re-capitalize, says Spitzer"

Wow! That sounds pretty damn ominous. Sure puts Warren in the catbird seat.

What do bondholders get told if they don't? "Look, your BONDS are still as good as they ever were, they're just not INSURED"!

I'm not sure that would comfort a potential buyer..

If BONDS are looking flaky, it should make gold look DAMN good! ( I sincerely hope, anyway..)


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