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


To: The Reaper who wrote (164811)11/16/2008 3:52:59 PM
From: Skeeter BugRead Replies (1) | Respond to of 306849
 
that "first step" has been in place for some 30 years, no?

that's like claiming manufacturing a bullet is the "first step" in a drive by shooting murder.

not really.

also, the mortgages are small potatoes compared to the credit default swap side bets.

my guess is these community organization had never heard of a cds before this blow up.

the cds market is ground zero.