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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 (109181)	3/11/2008 9:53:00 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

>>The Fed is not allowed to buy mortgage bonds outright, but it can achieve a similar effect by letting banks roll over collateral indefinitely. The European Central Bank is already doing this, shielding Dutch, Spanish, German, and some British banks from the full impact of the credit crunch.<< Exactly. There'll be enough zombie finance companies out there in a year to film a remake of Dawn of the Dead..... Are we turning Japenese? I really think so....