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


To: neolib who wrote (149247)9/23/2008 10:00:33 PM
From: Live2SailRead Replies (2) | Respond to of 306849
 
IMO, This market was not completely free. There was an implicit backing of FNM and FRE, and I'm sure that the big banks believed that they would get bailed out. If they felt like they could have gone bankrupt, they would have been far more careful.