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

To: neolib who wrote (151160)	9/27/2008 11:56:47 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

That's a not unreasonable middle ground. The main opposition comes from the banks themselves, who smell a chance to dump all this stuff off on the Fed at taxpayor expense. As long as that (i.e, the current bailout package) is dangled in front of them, they won't accept an accounting change only, as it still leaves a smoking hole (if not a raging inferno) in their balance sheet. I.e, it pushes back the day of reckoning but does not eliminate it.