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

To: ChanceIs who wrote (171889)12/17/2008 8:00:23 AM
From: stomperRead Replies (2) | Respond to of 306849
 
The Pres from PBGC who was touting their 46 billion in assets must be sweating hard hearing that CALpers news. Without a doubt, PBGC will be bailed out also...and that one should rival AIG.



To: ChanceIs who wrote (171889)12/17/2008 7:05:20 PM
From: XBritRead Replies (1) | Respond to of 306849
 
<<California is in a heap of hurt.>>

The Dems latest plan is to try to end-run Prop 13 and the Repubs. Or in other words, do something that will get tied up in constitutional court challenges for months and achieve nothing.

sfgate.com

The first rule of California politics is that you never, ever threaten Prop 13.


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