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

To: Giordano Bruno who wrote (123925)	5/19/2008 11:01:48 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

``The banks that have taken advantage of this accounting approach are going to have a price to pay later,'' It's Like Shampooing' Banks can't keep selling hybrid bonds because ratings firms place limits on how much of their capital can be tied up in such securities. Rosenberg said the next round of equity-strengthening probably will be in the form of common stock. ``It's like shampooing: lather, rinse, repeat -- write down, raise capital, repeat,'' Rosenberg said. ``How long can they keep doing it? Shareholders are in for a long ride.''

To: Giordano Bruno who wrote (123925)	5/19/2008 2:53:18 PM
From: Jim McMannis	Respond to of 306849

The Real Alternative To Walking Away Is A “Back Door Cram Down” sandiegopredatorylending.com It has been a few months since my last article. My foreclosure and bankruptcy business has exploded beyond even my wildest predictions. I also didn’t have a lot to add to the now chorus of housing bust news. But my wife Nickie managed to get me to take a week’s vacation to Maui which is now in its last few hours. One of the things I promised myself I would do this week was write a blog article so here it is.