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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (9922)	9/9/2008 12:12:37 AM
From: robert b furman	2 Recommendations Respond to of 33421

HI terry, I think the government is begrudgingly bailing out this loser - mostly because the minority politicos were feeding in the pig trough of government regulation loosening housing standards to the point that only the GSE would take what the banks balked at. After all, when politicians say it is OK and they guarantee it after passing poor business practice law - you have a "Keating like" free for all rushing towards leveredged looseness. The outcome of which is never good.Any half arssed banker can tell you that. It will take Brady bonds and an RTC wash out to cure this one. Any dip buyer should be stealing properties and renting them out for a boomer retirement brought ot you by the government. For the people,By the people and to the people. BWDIK Bob