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

To: James Hutton who wrote (152939)	10/1/2008 1:43:22 AM
From: jmiller099	Respond to of 306849

They bought into the too big to fail club in my opinion. Pig eating, mmm bacon!

To: James Hutton who wrote (152939)	10/1/2008 1:47:34 AM
From: patron_anejo_por_favor	Respond to of 306849

They were pretty overleveraged. I'm not really sure how this fits in the grand strategy, and I'm not sure what happens if the bailout bill fails. Maybe Sheila feeds C to WFC next.......<G> Someone (can't remember who) recently said the problem with all these bank mergers is the megabank survivors will truly be too big too fail. Maybe that's the strategy. Create a handful of giant pigs whose balance sheets look like Mr. Creosote. Then hover over them with the wafer-thin debt mint, while demanding ransom from J-zero-P.