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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 (154194)	10/4/2008 6:37:19 PM
From: posthumousone	Respond to of 306849

Hypo Real Estate Holding AG, the troubled German property lender, said private banks withdrew their support for a 35 billion-euro ($49 billion) rescue package. ``The intended rescue package involved a liquidity line to be provided by a consortium of several financial institutions,'' Hypo Real Estate said in a statement on the DBF newswire today. ``The consortium has now declined to provide the line. The Group is now in the process of determining the consequences of this'' and ``alternative measures are being investigated.' >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> I would assume this would mean euro goes down dollar goes up? US stocks rise as investors flee europe seeking our safe and sound taxpayer funded bailout economy? hmmmmm This seems pretty big to me....but then again i thought AIG was big