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


To: GraceZ who wrote (149373)9/23/2008 12:19:35 PM
From: MulhollandDriveRead Replies (1) | Respond to of 306849
 
I think what the Federal government wants to provide is a semblance of that market maker function.

that's obvious...

problem is there will be no real price discovery based upon bid and ask.....the market maker IS the bidder

<edit>

and btw, there doesn't seem to be a lot of buyers lining up for 'troubled' bank assets priced at "Held to Maturity" prices...

except paulson, using the american taxpayer's blank check

<edit>

notice how paulson keeps referring to these nameless 'experts' who will be marking the "value" of the 'troubled assets'

i think we know who those experts are going to be

the same people who created these 'complex financial instruments' who are now the bagholder (no bid) of whom paulson himself was a chief architect when he worked at goldman sachs...

pray for an impasse