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

To: MulhollandDrive who wrote (151456)	9/28/2008 12:57:40 AM
From: alanrs	Read Replies (2) \| Respond to of 306849

$700 billion has never been put forward as sufficient to solve the problem, just sufficient to clear some of the toxic waste so the banks could keep operating. While the market may pop, I'd be surprised if lending picks up much. We'll see. Time to start thinking about what is tomorrow. ARS

To: MulhollandDrive who wrote (151456)	9/28/2008 1:13:14 AM
From: Asymmetric	Read Replies (2) \| Respond to of 306849

> $700 B is like pissing on a forest fire < Agreed. The $700 billion is more like a down payment, rather than an amount large enough to fix any of the problems. Derivatives are a multi-trillion dollar market...and we are going to see them painfully unwound. The $700 billion just delays the unwinding and deleveraging that's needed. God help the people of the United States when the rest of the world's financial institutions come to the same understanding and conclusion (if they haven't already). - A.