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

To: saveslivesbyday who wrote (109235)	3/12/2008 8:52:06 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

I would tend to agree with your assessment. Many people misunderstand my position. I am incredibly bearish long term, but bullish short term because of all the negativity going into the fed meeting. This fed action is not going to solve the problems but it is an important first step and it will help. Don't know if anyone else has looked at this: bloomberg.com Someone posted it last night and IMHO it is VERY interesting. I particularly found the different ratings to be fascinating. Fitch, which is the only agency even close to doing its job, only has one of the <1 bonds as AAA. Most of the <1 stuff will default in the next few months if it isn't insured. It is incredibly obvious that some person or people with great power have influenced S&P and Moodys to look the other way on these bonds. I have actually searched for and found information on some of these bonds and they are huge steaming piles of crap. What I would really like to know is whether or not they are insured. Does anyone know how to find this information?