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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 (150220)9/25/2008 12:44:12 PM
From: XoFruitCakeRead Replies (1) | Respond to of 306849
 
"Auctions? My you ARE the optimist, aren't you?"

heh heh, I sort of think/hope that we will get out of the mess here...In that regard, I am an optimist.. I don't think the folks running Treasury and Fed are fool. On the contrary, some of them made big bucks in WS before getting to Treasury and Fed... We can and should question their motive, but I seriously doubt that they don't know what they are doing... WS is one of the most competitive arena in US economy given the compensation structure.. No fool can survive, let alone prosper in that envirohment.



To: patron_anejo_por_favor who wrote (150220)9/25/2008 12:52:28 PM
From: MulhollandDriveRespond to of 306849
 
actually it's a reverse auction with hank asking the banksters

'i'm the only bidder, what's the lowest price you'll take?'