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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (447604)1/14/2009 5:48:25 PM
From: michael97123  Respond to of 1576053
 
Bank America begging for more tarp. Looks like they took on Merrill and Wamu at the wrong time. Citi at $4 buckes down 25%. Yuh think the govt will now try to break up BA like they are forcing the breakup of Citi. Its amazing that the solution just a few months ago was consolidation of BA.WAMU and Merrill.



To: tejek who wrote (447604)1/14/2009 6:24:35 PM
From: bentway  Read Replies (1) | Respond to of 1576053
 
"That's why stabilizing the housing market is very critical."

Ted, housing won't be "stabilized" until the average house price is 3x the average median yearly income for any given area. We're a LONG way from that, pretty much everywhere. If it seems like things are getting better, I'd credit it to a Japanese-style 0% real interest rate, which can't be forever.


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