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

To: Jim McMannis who wrote (111148)3/18/2008 12:20:14 AM
From: John VosillaRespond to of 306849
 
I think of it like you or I buying a failed condo conversion project here in FL with little down payment required and easy take over financing as the only buyers even interested. There is gonna be a ton of cash needed to finish the project and see the light at the end of the tunnel<g>

Message 24414847



To: Jim McMannis who wrote (111148)3/18/2008 12:29:34 AM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
Exactly. 2 bucks a share plus the 30 billion Fed backstop, net asset value of BSC was around -28 billion (maybe a little better, but you get the general idea).

Hey compared to Iraq, it's a screaming bargain for We the Sheeple.....



To: Jim McMannis who wrote (111148)3/18/2008 3:38:47 AM
From: J.E.CurrieRead Replies (3) | Respond to of 306849
 
Lehman is next. Overlay BSC and LEH.


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