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

To: Peter V who wrote (136083)	7/24/2008 1:30:47 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

"Another bucket for Monseiur Freddie Mac...and perhaps a hose!" youtube.com

To: Peter V who wrote (136083)	7/24/2008 2:32:44 AM
From: damainman	Respond to of 306849

"The Federal Housing Authority will put $300 billion to work to help homeowners with exotic loans and that will put a bottom in housing" So who eats the difference in the market value of the house and the outstanding loan??? Or how will folks who could barely pay the teaser rate all of a sudden afford to pay an amortized rate?

To: Peter V who wrote (136083)	7/24/2008 3:22:57 AM
From: Perspective	Read Replies (2) \| Respond to of 306849

That's better. I'm always uncomfortable being on the same side of a trade as Creamer. So, let me see if I've got this right. We've had the biggest credit bubble in history, and now that Indymac has failed, the worst news is factored in, and the bottom is in. The $300B rescue is going to miraculously save the thousands of banks drowning in bad loans. Ah yes, now I see. We're SABED!!! BC