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

To: Smiling Bob who wrote (141826)	8/19/2008 12:20:57 PM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

It's sick and disgusting. 30-50x margin and option arms is insanity. The dow is probably heading to 7000 over the next few years, IMO. Blame who you want. I think it's way too late to fix any of it.

To: Smiling Bob who wrote (141826)	8/19/2008 12:21:52 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

Neither the politicians nor the investment bankers have any credibility with the street anymore. Nearly everyone, around the world, now sees them for what they are. They have had numerous chances to redeem their credibility in recent months but foolishly ignored them. The Senate not going after Dodd for his Countrywide dealings was a major blunder.

To: Smiling Bob who wrote (141826)	8/19/2008 12:22:26 PM
From: ChanceIs	Read Replies (2) \| Respond to of 306849

>>>How many more times are they going to say it's all better?<<< 1) First the problem is manifest. That could have happened one year ago with British Northern Rock and the LIBOR squeeze. It could hvae been two years ago when Roubini and Jim Rogers started prognosticating. 2) Then confidence is restored. Hmmm. Was it Bear in February. Perhaps FNE/FRE with the book of life. I know I am feeling more confident. How about you. 3) Then the bottom falls out. (COF poots are tasting mighty fine.)