Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (8782)	10/1/2008 9:08:30 PM
From: skinowski	Read Replies (2) \| Respond to of 41435

The entire idea of the government sponsoring mortgages was nuts from day one. If banks and various mortgage companies were allowed - and even encouraged - to lend out virtually unlimited amounts of money, what could be the only logical result? First, RE prices will go up, and second, sooner or later they will go bust - and the so called mortgage backed securities will crash in value. Plain and simple. And their bailout will bail out for the most part crowds of bank shareholders and bond holders. Other than that - nothing will change. Whatever slowdown we are destined to have... will simply continue to unfold.