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

To: 2sigma who wrote (170967)12/12/2008 3:53:42 PM
From: Smiling BobRead Replies (3) | Respond to of 306849
 
Remove the word bailout
They need a bank, same as ANY other company, not another contribution from taxpayers.
Wasn't this the whole purpose of the bank bailout, to make money available???



To: 2sigma who wrote (170967)12/12/2008 3:55:01 PM
From: cougRespond to of 306849
 
re: >> "if you are for the bailout, what conditions and covenants would apply?"<<

Mine would be it would come from the banks that ALREADY got 350 bil. It was for LOANING as I understand it and this would amount to 10% or less of it... If there ever was a troubled asset, it seems like the Detroit 3 sure is..

And they(the D3) are calling it a "LOAN"..


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