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

To: patron_anejo_por_favor who wrote (149739)	9/23/2008 11:55:13 PM
From: stomper	Read Replies (2) \| Respond to of 306849

Yeah...the roadshow starts at 2:00 or 2:30. I hope Paul doesn't digress into a discussion of gold and Austrian economics. Would really love to hear him give it to them. Hell, i'd like to see him give them a big raspberry and just say "I told you so, you stoopid suckers!".

To: patron_anejo_por_favor who wrote (149739)	9/24/2008 3:38:31 AM
From: Skywatcher	Respond to of 306849

Instead of the insane buyout of worthless PAPER...so many mortgages bundles SO MANY TIMES...that those that are brilliant don't even have a clue what is in them or what they are worth... Give $30,000 to homeowners with mortgages...and get a piece of the action...get to the BOTTOM OF THE PROBLEM... NOT THIS TRICKLEDOWN SH*T giving the money in the current situation to the actual people in the mortgage crisis...in return for owning that portion of the mortgage...(and MAKING MONEY ON THE INCREASE IN THE PROPERTY'S VALUE) is the only way that we ALL can put a bottom on the entire crisis... The 'paper' that is the big problem right now...as it's entirely UNVALUABLE....in it's currrent form... ie...those suits that have been dismissed for the derivatives containing I don't know how many mortgages have been DISMISSED because the holders can't produce ANY EVIDENCE OR PAPER SUPPORTING THE ORIGINAL LOANS.... ie...they have been so PACKAGED..so many times that they are meaningless in a paper trail...there is NOTHING that can go back to the ORIGINAL LOANS...and are therefore UNENFORCEABLE... IE those FIVE firms that under BUSH were given the LICENSE TO HAVE 30-40 TIMES LEVERAGE...have been the ultimate problem...in addition to a Secretary of the Treasury that got $`17 MILLION for his 6 months at GoldSAX.... We can make all the money back...spend most likely LESS money...own ACTUAL PAPER MORTGAGES...GIVE PEOPLE HOPE THAT THEY CAN PAY OFF THE LOAN....and MAKE MONEY IN THE LONG RUN... this is what FDR DID... what happened in the DEPRESSION is what is NOW BEING PROPOSED....bailing out the CAUSE...the big boyz with more money than ANY OF US