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

To: GraceZ who wrote (149496)	9/23/2008 3:18:20 PM
From: NOW	Read Replies (1) \| Respond to of 306849

<I predict that in ten years few in the US will be able to recall the events leading up to this event.> Heck, you are already unable to properly recall them and it hasnt been months yet!

To: GraceZ who wrote (149496)	9/23/2008 3:30:58 PM
From: MulhollandDrive	Respond to of 306849

In a widespread crisis of confidence almost nothing works except time, time to sort out what things are worth and letting cooler heads prevail. What is insidious about this particular failure is the way in which declining values have created a vicious cycle of further write downs and failures. i find it interesting that regulating agencies like the SEC are able to implement new rules like short selling bans on a dime, and yet are unable to change mark to markit... that is one area that i really have little argument with, i think it creates an potentially unrealistic write down wrt to timing....iow, i'm perfectly ok with allowing the 'mark to myth' (maturity) on the balance sheets... doing so at least buys some time to see how this plays out....we've had numerous WS analysts say the RE recovery will start in 2009 ....so let's let the market sort itself out and not FORCE the banks to take the 'fire sale' price marks... but something tells me that WS doesn't want to wait for that potential scenario to unfold....they'd rather take there bailout now and lay the risk onto the taxpayer I predict that in ten years few in the US will be able to recall the events leading up to this event. which "event" is that? the unprecedented attempt at nationalizing all WS bad debt? aka the paulson plan? or the unraveling of the housing bust? or the stock market crash? (waiting on deck) i do find it rather bizarre that paulson is saying markets seized up and that congress needs to approve his plan (heaven help us all if they don't) before they leave on vacation