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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 (149791)	9/24/2008 10:09:55 AM
From: MulhollandDrive	Respond to of 306849

Paulson hasn't rejected this, but has said that if it's too large and dilutive, the banks won't go for it. wait a minute....i thought the banks were going to implode if they don't get the $700 facility? and they're trying to nickel and dime the taxpayer? is it crisis or not? How to value what is purchased". This is the main area of disagreement, IMO. Hank doesn't want fair value. He doesn't even want an auction. He wants to basically give the banks far-above-market value for their most radioactive assets and indicated as much in the Senate hearing. He said he'd get a bunch of "really smart money managers" to work out the details. I don't agree that the financial system is "unable to set a value". The problem is they won't pay what the banks will accept because the banks don't want to take the marks on their balance sheets when they sell at the true, fair prices. it should be obvious by now that hank doesn't want 'fair' value, this is about allowing the looting the treasury before the real disaster hits....massive debt defaults and the ensuing depression karl nails it again.. it's the no banker left behind bailout youtube.com

To: patron_anejo_por_favor who wrote (149791)	9/24/2008 10:40:45 AM
From: Bill/WA	Read Replies (2) \| Respond to of 306849

"LET THEM EAT CAKE!" Ya' know, I don't usually post or offer opinions on SI. I mainly lurk or ask questions. However, this bailout, Paulson & Ben have really enraged me. Paulson & Ben, re: buy at hold to maturity and pricing that you & I will pay for this toxic waste. They state that if you & I don't pay the banks a high enough price for this cr@p, the banks WILL NOT sell it to us. WHAT!!! Then let them keep their cr@p. IOW, "LET THEM EAT THEIR OWN CR@P". I'll cash out & take my money elsewhere. Next,Dodd & the rest of these kiss-@ss, payed offed, dumbed downed clowngressmen keep interjecting that the house bubble was a major cause of this meltdown & that they want to help people keep their homes. Well, Tony Powell, a comedian & regular on the Imus show had a skit, kidding that if he was in charge, he has a much cheaper solution if clowngress REALLY had these strapped home owner first & formost on their minds, all they'd have to do is give each person in the US (approx. 300 mil.) a million dollars...enough to at least pay off their mortgages. That would only amount to $300 mil. A lot less than $800bil. And let the rest of these crim's deal with their derivatives, CDS, MBS and the rest of this alphabetic garbage. Sorry for the rant, Belize, Caymans...anyone?? Best,