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

To: Les H who wrote (150208)9/25/2008 12:48:34 PM
From: MulhollandDriveRespond to of 306849
 
it appears the treasury program is reserved for a select few instititions to profit from.


DING!

former GS CEO, paulson, spearheading the effort...

he'll pay 65 cents on the dollar and then unload them to the likes of buffet and GS for pennies on the dollar

slick, huh?



To: Les H who wrote (150208)9/25/2008 1:35:39 PM
From: Les HRespond to of 306849
 
Fed lifts ceiling on securities lending to $4B

Individual primary-dealer banks can now borrow as much as $4 billion in securities from the Federal Reserve, up from the previous limit of $3 billion, the central bank said on its Web site Tuesday.

iht.com



To: Les H who wrote (150208)9/25/2008 5:59:45 PM
From: inchingupRead Replies (2) | Respond to of 306849
 
"Goldman Sachs to spend Warren Buffett billions on distressed assets

The investment bank, which raised $5bn from Mr Buffett's Berkshire Hathaway plus a further $5bn from institutional investors, will use the money to buy assets either from the US government's planned $700bn bail-out fund or from banks directly."

I think I outlined that scenario a few days ago in this post:

Message 24984433


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