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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: RonMerks who wrote (8743)	3/26/2008 1:54:11 PM
From: stomper	Read Replies (1) \| Respond to of 50666

Don't forget the leverage, though.

To: RonMerks who wrote (8743)	3/26/2008 1:59:18 PM
From: Broken_Clock	Respond to of 50666

keep on believing.

To: RonMerks who wrote (8743)	3/26/2008 2:15:03 PM
From: jim_p	Read Replies (1) \| Respond to of 50666

The DOW was also flat from 1987 to 1990. By 1990 85% of the 1043 S&L had already failed. Home prices began to decline in the SW back in 1981 and they stabilized at their low back in 1986-7. It took six years for prices to reach the bottom and they stayed there for the next 2-3 years. Home prices today have only been declining for the past two years. We also didn't have zero down no doc loans back in the 1980's. In fact I don't believe there has ever been a time in history when you could buy a house with zero down and or no income verification?? Back in the 80's the norm was 20% down so you can't compare today with the 80’s. Given the fact that there has never been a period in time when you could buy a house with no down payment and no income verification, the credit/real estate bust cycles that took place in Finland, Japan, Norway, Sweden and the US in the 80’s may just turn out to be a cake walk compared to today??? Weshallsee, Jim

To: RonMerks who wrote (8743)	3/26/2008 2:20:12 PM
From: dvdw©	Respond to of 50666

I would tend to believing these data. While it may be off by a little, here is how the current crisis could have been constructed. Of all the mortgages sold in the period = X and those selling them took 5 to 15 sure losers, and bundled them with 20 or 200 medium to good ones. You still do not have the numbers this crisis indicates. So we look around the edges, for what might we find? If rumors are true that many foreclosures can not be completed due to no title chain, that indicates that each bad mortgage could have been multiplied. Kind of like a naked short multiplies a float. This is one possibility for the gross expansion of the numbers, those doing the packaging, may have sold the same tainted packages, more than once.