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

To: Think4Yourself who wrote (164320)	11/14/2008 11:58:22 AM
From: Pogeu Mahone	Respond to of 306849

They desperately need the money. Leverage killed them. Saudi banks bought and sold CDSs, Over invested in Real Estate bubbles like Dubai,Irland,Spain, Miami. Bought and sold requisite derivatives to protect themselves or so they thought..Seems like every model every bank used only had growth figured into RE prices..lol Monkey see monkey do.. These banksters all over the world were not going to let the U.S. and Europe make all the money from these money machines.-g-

To: Think4Yourself who wrote (164320)	11/16/2008 10:29:15 AM
From: Dan3	Respond to of 306849

Re: Have the Saudis said WHY they won't cut? There was a recent statement from the King of Saudi Arabia where he was insisting that their reserves contained all the oil the world needed and that no one should worry about it running out. The fact is that, if peak oil theories are taken seriously, the U.S. could and may install a mixture of nuclear, wind, and solar power and completely eliminate any purchases of foreign oil in less than 20 years - if we become convinced that we need to do so. It's cheaper and easier - in the short term, at least - to just keep doing what we've been doing (paying middle eastern countries $100 per barrel of oil for stuff they pump and deliver at a cost of about $10 per barrel - nice work if you can get it). They're basically worried they'll have to find real work...