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


To: SGJ who wrote (149239)9/22/2008 11:16:55 PM
From: patron_anejo_por_favorRespond to of 306849
 
Indeed. Hank's real motivation is right on Bloomberg tonight:

bloomberg.com

Paulson Debt Plan May Benefit Mostly Goldman, Morgan (Update2)

By Jody Shenn

Sept. 22 (Bloomberg) -- Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries of the $700 billion U.S. plan to buy assets from financial companies while many banks see limited aid, according to Bank of America Corp.

``Its benefits, in its current form, will be largely limited to investment banks and other banks that have aggressively written down the value of their holdings and have already recognized the attendant capital impairment,'' Jeffrey Rosenberg, Bank of America's head of credit strategy research, wrote in a report dated yesterday, without identifying particular banks.


Dude really should remove himself from further action due to conflict of interest....<NG>