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

To: Think4Yourself who wrote (148064)	9/19/2008 1:06:44 PM
From: XoFruitCake	Respond to of 306849

"The best point in favor of the taxpayers is that Hank Paulson is negotiating on their behalf. " I would have a nightmare if our Treasury Secretary is an academia taking the high road on managing our economy. We would have been trying to find our food line at this point. So far he seems to negotiate pretty good term on behave of taxpayers for all the bailout including FNM/FRE and AIG. And the backdrop on LEH transaction after they go BK looked like a secured finance (sort of like DIP in a drag).. So far so good. Let's hope that he has a good idea on how he want to run the RTC II.. From a timing perspective,the can get it set up before he left but the actual execution will depend on the next Treasury Secretary and to think that we may have a new Fed Chair next year as well is a pretty scary thought.

To: Think4Yourself who wrote (148064)	9/19/2008 1:12:06 PM
From: alanrs	Respond to of 306849

He's a team player, not stupid. There have been times when he has trotted out with outrageous stuff. Had that 'tight end' feel about him. Looked like he was saying what he had to say, doing his job, no matter how distasteful. Shame those who are right and exposed are being punished. ARS

To: Think4Yourself who wrote (148064)	9/19/2008 1:28:53 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

The key of course is how much RTC-2 pays for the banks junk. There is the possibility the taxpayer will get out with a minimal hit. Of course, this is prolly going to crush RE prices even more and more quickly because of the supply. ANd it's still going to last for years because of the Option Arms in 2010, 2011. Not even mentioning commercial. Local Government budgets get crushed sooner too. No reprieve for RE in 2009 like I figured. The saddest thing would be if they don't make some rules to prevent this from happening again. If they bust the people responsible for this then I can tolerate the fix. If not, it's a half assed bailout.